NSSF active in stock purchases in the third quarter

29 October 2013   Category: News, Asia, China   By Asia Asset Management

China’s supplementary pension fund, the National Social Security Fund (NSSF), raised its positions in 177 A-share listed companies in the third quarter of this year amid a rally among Mainland stocks, according to a report from China Securities Journal.  

The NSSF is currently among the top ten shareholders in a whopping 270 A-share companies. More than 45% of the 177 companies that the pension fund overweights are from the beverage, medical and biotechnology, and information equipment sectors, all beneficiaries of the country’s urbanisation theme, benefitting from rising wealth and concessionary measures. The SSE Composite Index was up around 9% between July and September. 
According to research previously conducted by Tower Watson and P&I Research, the NSSF entered the top ten of the world’s largest 300 pension funds for the first time this year. The fund had the greatest growth rate among the top 20 funds. NSSF has total AUM of around US$160 billion.