The management of Papua New Guinea's main superannuation fund, Nasfund has set a half year benchmark by clocking in a net asset value of 1.2 billion US dollars.
The result is a six percent increase from last year's audited net asset value of 1.1 billion.
This was announced at the recent NASFUND corporate services division conference in Port Moresby.
According to local media, the Board Chairman, Mel Togolo, had told delegates at the conference that the performance was a milestone for the Fund, and he challenged it to reach 2 billion US dollars in the next three to five years.
