As at 31 January 2020
International/ Developed Markets = 28.5%
Emerging Markets (Africa, South Africa and Namibia) = 71.5%
The Namibian Domestic Asset requirements as per 31 March 2019 require the pension funds to have no less than 45% invested in Namibia. The previous requirement as at 31 December 2018 was 42.5%, whilst the requirement around 1 year ago was 35% as at 31 March 2018. The GIPF has applied for exemption of this regulatory requirement however the regulator has allowed that the Fund meet to the requirement of 42.5% by 31 March 2020. The Fund is realigning the investments to adhere to this requirement.