The Pension Office has decided to invest in the MVR 2.4 billion Treasury Bond proposed by the Government, ensuring that the fund incurs no losses. The capital for this investment is being sourced through the sale of existing bonds in the secondary market. This strategic move is expected to generate a US Dollar reserve within the fund without the need for additional foreign currency purchases, thereby enhancing the overall profitability of the portfolio. According to the Pension Office, this decision was made in the best interest of the members, in compliance with the Pension Act, and based on consultant recommendations to diversify investments and strengthen the fund’s resilience.
