AMMAN — Dr. Ezzedian Kanakrieh, president of the Social
Security Investment Fund (SSIF), confirmed the Jordanian government’s commitment to
regularly pay interest on bonds to the Investment Fund and repay the bonds when
they mature.
اضافة اعلان
Under the Public Debt Law, the Central Bank conducts
auctions for Jordanian treasury bonds, involving banks, savings and investment
funds, retirement funds, and insurance companies. The fund holds bonds until
maturity, resulting in increased yields with rising interest rates. During Q2
2023, the fund generated JOD231 million in income from the bond portfolio,
contributing to a total income of JOD447 million by the end of that quarter,
Jo24 reported.
The fund's investment policy, approved by the General Social
Security Corporation's Board of Directors based on the Investment Council's
recommendations, outlines strategic asset allocation targets, investment types,
percentage objectives, and durations for each investment instrument. This
policy also sets desired returns and acceptable risk levels for each investment
tool, Jo24 reported.
Diversification and asset distribution are central to the
fund's investment strategy, aiming to reduce overall portfolio risks, preserve
asset values, ensure steady returns, and mitigate fluctuations. Investments
span various financial instruments and timeframes.
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