Statistic from its recent report, ‘Our story of growth and creating a safer financial future for ordinary Papua New Guineans’, initially, the Fund’s NAV was K75m and today it is worth in excess of K616m.
In this period, the Trustee, Melanesian Trustee Services Limited (MTSL) has also introduced efficiencies to manage the operating expenses while also improving the Fund’s income generation and investment performance.
In 2002 it generated an annual income of just K6m and by 2015 the Fund generated an annual income of over K86m, an increase of more K80m.