SSC assets expected to reach JD13.9 billion by yearend—expert

(File photo: Jordan News)
AMMAN — Insurance and social protection expert Musa Subaihi predicted that the Social Security Corporation’s (SSC) assets would rise to a value of JD13.9 billion by the end of 2022, Ammon News reported.اضافة اعلان

As of the end of September, Subaihi said, assets invested by the corporation’s investment fund had a value of JD13.568 billion.

The corporation’s assets are divided into six main portfolios: a bonds portfolio representing 55.7 percen tof total assets, a stocks portfolio (18.4 percent),a money market portfolio (13.3 percent), a real estate portfolio (5.6 percent), a loan portfolio (3.4 percent), and a tourism portfolio (2.3 percent).

As the corporation’s assets rise towards the end of the year, the revenues of its investment fund are expected to reach about JD580 million, achieving a nominal rate of return on investments of approximately 4.5 percent.

This rate, Subaihi said, remains less than half of that required by the institution’s actuarial studies, which require the fund to reconsider its investment strategy by looking for new investment portfolios, evaluating current portfolios, and reviewing their ratios and ceilings to determine their effectiveness.

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