FORMER NAPSA Director General, Aubrey Chibumba, has advised the pension fund to switch to investing more in equities in order to increase its portfolio. Recently, NAPSA Director General, Muyangwa Muyangwa, disclosed that the authority had decided to hire an investment advisor as it sought to increase its portfolio. Commenting on the decision in an interview, Dr Chibumba said it paid to hire an advisor if money was available, but advised the authority to switch more into equities. “I don’t know what strategy the director general is following, it’s difficult for me to answer. If I knew what his strategy was then I could have been in a position to answer that question but in general you know if you have…
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