Since 2003, CTSL has outsourced the function of investment manager to Kina Funds Management Limited (KFM). Kina Wealth operates KFM, a Licensed Investment Manager under the Superannuation Act 2000, and as such is regulated by the Bank of Papua New Guinea to offer funds management services to Papua New Guinea Superannuation Funds.
The fund management contract is renegotiated every three years.
KFM is responsible for the day-to-day investment management functions in compliance with:
- the Superannuation (General Provisions) Act
- Prudential Standards issued by BPNG
- the investment policy, objectives and strategy issued by the trustees from time to time.
Read more about KFM on their website.