Indonesian pensions find safe harbour in fixed income and higher rates

Indonesian pension funds moved back to back to the safety of fixed income last year as the Covid-19 epidemic heightened risk and bit into returns, but high domestic interest rates meant they were able to sustain returns with this strategy, according to analysts Janet Li “From our observations, it’s mainly because some of the local pension funds were not seeing good returns due to the volatile market during the pandemic, that they moved their portfolio to more secure vehicl…