THE Fiji National Provident Fund’s investment portfolio remains well-diversified, and the fund has given its assurances to members that this broad diversification remains a key part of its long-term strategy to safeguard their funds and manage risk.
“This diversified approach strengthens the Fund’s resilience and positions us well to continue delivering sustainable returns for our members,” FNPF chief executive officer Viliame Vodonaivalu said at the FNPF Members Forum on Tuesday night at the Grand Pacific Hotel in Suva.
“The investment portfolio trend over the past few years shows strong and consistent growth across all major asset classes, reflecting disciplined decision making and a long-term strategy focused on stability and returns.”
FNPF’s total investment portfolio, he said, has grown steadily from $8 billion in 2021 to $12.1 billion in 2025 with Return on Investment improving steadily over the past five years — rising from 6.1per cent in 2021 to 9.2per cent in 2025.
“Overall, this five-year trend demonstrates a well balanced, diversified portfolio designed to protect and grow members’ retirement savings over the long term.
“The 2025 investment mix reflects a well-balanced portfolio, with fixed income providing stability, equities driving over half of total income, commercial lending delivering steady secured returns, properties supporting income through long term leases, and cash holdings ensuring liquidity,” Mr Vodonaivalu said.
FNPF’s investments, he added, are in these asset classes:
n Fixed Income: remains our largest allocation, providing stable and predictable returns. This portfolio is largely invested in Government and Quasi-Government securities, in line with our low-risk, long-term objectives. Fixed income supports predictable returns, steady cash flow and effective liability matching.
n Equity investments: continue to provide higher growth opportunities, both locally and internationally. The portfolio grew strongly through key local investments, dividend reinvestments, and hotel revaluations, alongside major offshore additions in BSP PNG, an S&P 500 index Exchange Traded Fund, and global income funds, boosting returns and diversification.
n Commercial Lending portfolio: grew to $1.4 billion, supported by new investments in tourism and aviation, and stronger syndicated lending, while improved credit risk reduced impairments despite a challenging low interest, high competition environment.
nCash & Term Deposits: closed the year at $1.0 billion This allocation ensures liquidity and provides a buffer during periods of market volatility.
n Properties: $0.7billion: Property assets contribute strong rental income and long term capital growth.
“Altogether our investments reflect a strong blend of stability, growth, and reliable earnings,” Mr Vodonaivalu said.
