Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)

Abstract

The Effect of Pension Assets Invested in Bonds on all Share Index in Nigeria Financial Market

Author(s): Falack Victor Samuel

Investment in Bonds as Pension fund asset is held over a long period of time and it provides abundant funds to the financial market in the long term rather than providing short-term speculative capital. Data for the study were collected from quarterly reports of National Pension Commission and Central Bank of Nigeria Statistical Bulletin covering a period of 24 quarters from 2014 to 2019. The population of this study constitutes 50 firms. The research design was ex-post factor and correlational. Ordinary Least Square was used in analyzing the data collected which was from secondary source. Findings revealed that pension fund investment in bonds negatively influences financial market as proxies by All-Share Index (ASI). The study recommends that investment in bonds as pension assets should be discouraged in the interim until there is improvement in the performance of bonds in financial market performance.

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