Pension Fund “First”
Fund Inception Date: 17 December 2001
The Fund pursues a conservative investment approach with the aim of achieving consistent growth with low risk investment to gain medium returns.
Fund Investment Policy
The investment policy of the Fund is based on the rule of investing a minimum of 75% in debt securities and money market, and a maximum of 25% in equities. Macau Pension Fund Management Company Limited’s recommendation for this Fund is to maintain a long-term perspective because the overall direction of stock markets, though has short-term turmoil, proved to be historically upward. The primary objective of the Fund is to minimize short-term capital risk and the secondary objective is to achieve medium investment returns.