3 Jul 2007

NPF in Solomon Islands to enter global market

10:51 am on 3 July 2007

The National Provident Fund in Solomon Islands will enter the global market in a bid to increase the return of investment to its members.

The Solomon Star reports the Fund announced it has decided to spend 150 million US dollars in off-shore businesses yesterday.

The fund's chair, Adrian Wickham, says it decided to take the measure, because the fund is currently not earning enough interest for its members.

Mr Wickham says new investment areas will include the property market and various shares, which will be managed in several currencies, including the US dollar and Euro.