In this paper it has tried to gather the opinions of different scholars about thernopportunities and challenges of Pension Fund investment in Ethiopia. Accordingly,rn98.87% of them said there will be investment opportunities in Ethiopia for Pension fundrnin the Future. Globalization, better and liberal investment policy of the government andrnthe hope of stock exchange market establishment in the near future are some of thernreasons forwarded by the respondents. They also said, high government intervention,rnproblem of accessing capable professional, and lack of clear investment guide lines,rnpolicy, strategy, mission and objective are some of the challenges to be faced by thernagency in the future regarding pension fund investment