The Philippines’ Social Security System (SSS) has increased its allocation to real estate and properties to 12 percent of total assets under management as of the end of July 2026, according to Asia Asset Management. The pension fund, which manages the retirement savings of private-sector employees and the self-employed, had 1.29 trillion pesos ($20.6 billion) in assets under management at the end of July 2026. Its real estate and property allocation increased from 9.9 percent at the end of 2025, when total assets under management stood at 1.16 trillion pesos. During the same seven-month period, SSS reduced its allocation to government securities to 49 percent from 50.3 percent and its equity allocation to 14 percent from 15.1 percent. SSS said it manages its investment portfolio through prudent risk management and disciplined asset allocation t