Social security funds – MENAFN.COM

Social security funds – MENAFN.COM

(MENAFN - Jordan Times) The latest statements published by Al Ghad newspaper on its pages, on Tuesday, April 6, indicated the growth of the assets of the Social Security Investment Fund (SSIF) at the end of the year 2020 to 11. 2 billion. The growth in assets comes from two sources: The first is transfers of cash surpluses from the Social Security Corporation (the insurance component), which since the establishment of the general fund in 2003 until the end of the year 2020 amounted to about JD4. 9 billion, and the second is the profits of the investment activity (the investment part), which since the foundation of the fund amounted to about JD4. 7 billion. The assets were distributed among a number of investment portfolios, which are government bonds 58. 2 per cent, stocks 14. 5 per cent money market instruments 13 per cent, real estate investments 6. 5 per cent, loans 3. 6 per cent and tourism investments 2. 6 per cent. As it can be noted, the largest share (58. 2 per cent) of the investment portfolio went to government bonds; it is the safest investment for such investment funds as the risk in them reaches zero and