The National Superannuation Fund limited (Nasfund) who reached the K8 billion milestone still remains cautious of the PNG economy in their short- and medium-term outlook. Nasfund Chairwoman Tamzin Wardley stated that confidence and performance will be underpinned by a projected recovery in the extractive sector. Ms. Wardley said Nasfund as an investor and landlord sees extraordinary, improved performance when the country’s resource projects are operational, as it improves the property portfolio in terms of value and rental income and increase contributions due to a large work force. “Throughout the year, while there were economic challenges, it’s important to recognize the resilience and strategic adaptations made by our team, our strategic response and portfolio adjustments have been proactive and thoughtful. Our allocation of assets for international investments is currently at 17% of Net Asset value, which is well below the board approved target of 25% and within the prudential standard limit of 35%. While we saw an increase in interest rates on Government Securities in 2024, the impact of these increases will only be seen in our future results. The lower interest income in 2024 was a result of lower yields on Government Inscribed Stock and Treasury Bills,” she said. She added that Nasfund’s investment division will intensify efforts to identify and assess opportunities in Financial Year 2025 while remaining vigilant in monitoring market conditions and adjusting their investment as needed to ensure Nasfund is maximizing returns for their members while also managing risk. “In 2024, we implemented our new strategy for the years 2024-2026, with a focus on enhancing operational efficiencies and superannuation education and connecting with our members. We have also launched a series of superannuation videos in both English and Tok Pisin which are being used to drive awareness of our products and services and the importance of long-term savings,” she said.