Dear Valued Member,
The current military operations/war in the Middle East are creating rising oil prices and the potential rise in global inflation. This is contributing to the increased uncertainty in investment and financial markets.
As a result, both local and international investment markets are experiencing sudden movements (volatility) across investments that National Fund for Municipal Workers (NFMW) is invested in. This may lead to short-term fluctuations in the value of our investment portfolios.
While such market movements can be concerning, it is important to remember that investing for retirement is a long-term journey. Periods of volatility are a part of investment market cycles that we go through in a long-term investing journey and are typically temporary in nature.
We encourage members to remain focused on their long-term investment objectives and to avoid making uninformed, reactive or emotionally driven decisions during periods of uncertainty and investment market movements, such as what we are experiencing currently. Attempting to change investment portfolios based on short-term events can result in negative and unintended outcomes, including the permanent loss of value or missing potential recoveries when markets stabilise. It is about the length of time you are invested, which allows your investment to grow steadily over the longer-term.
Members are reminded that the Fund’s investment portfolios consist of different types of investments that respond differently to different circumstances (diversified portfolios) with the aim of delivering consistent returns over time, despite short-term investment market fluctuations.
Financial advice is available to members who may require personalised guidance regarding their investments, particularly during this period. For this purpose, you have access to the Fund’s appointed financial advisory partner, Portfolium, who can be contacted on (012) 880 5981. Making changes without appropriate advice, particularly during periods of market volatility, may have negative unintended long-term consequences. The Board remains confident in the Fund’s investment strategy and its ability to deliver members’ long-term objectives.
The latest Fund portfolio returns, and detailed Fund factsheets are provided below. We encourage you to make use of these resources to better understand your investment and its long-term performance.
We thank you for your continued trust in the Fund.
Kind regards,
National Fund for Municipal Workers (NFMW)
INVESTMENT PORTFOLIO RETURNS
The table shows the most recent and long-term investment portfolio performances up to 28 February 2026.
| 3 month | 1 year | 3 years Ann | 5 years Ann | 10 years Ann | |
|---|---|---|---|---|---|
| Shari’ah Portfolio | 8,90% | 26,62% | 11,50% | 10,53% | 9,70% |
| Capital Protector | 2,34% | 10,31% | 9,94% | 8,16% | 7,88% |
| Stable Growth | 6,71% | 25,85% | 15,68% | 10,37% | 13,59% |
| Capital Growth | 6,45% | 25,41% | 15,88% | 13,37% | 10,50% |
| Aggressive Growth | 6,06% | 23,17% | 15,20% | 12,94% | 10,35% |
| CPI (inflation) | 1,35% | 3,56% | 4,10% | 4,98% | 4,67% |
NEED FINANCIAL ADVICE?
Please contact the Fund’s appointed financial advisers: PORTFOLIUM - (012) 880 5981
or the Fund’s Retirement Benefit Counsellors: INFUND SOLUTIONS - (012) 880 5983
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