PFAs can only invest in the following instruments: Equitie s; Federal Government Securities; State/Local Government Bonds; Corporate Debt Securities; Money Market Instruments; Open/Closed-end Funds; Infrastructure Bonds & Funds; Private Equity Funds; and any securities/instruments that may be approved by PenCom, from time to time.
- 04. Do PFAs invest in any of the allowable instruments available in the market?
- 02. What guides the investment activities of PFAs?