Romania's mandatory pension funds reduced exposure on shares to 4.2% in August
ROMANIA. The country's 14 mandatory private pension funds (2nd pillar
pensions) dramatically reduced their exposure on listed shares during
August, reaching only 4.2% invested on the stock markets, data provided
by CSSPP exclusively for www.privatepensions.ro portal shows. Thus,
mandatory pension funds had the following portfolio structure at
the end of August: 60% in government securities and municipal bonds
(compared to 58.9% at the end of July), 18.2% in bank deposits (22.4%
in July), 17.2% in corporate bonds (12.8% in July), 4.2% in listed
shares (5.7% in July) and 0.4% in mutual funds (0.3% in July). This is
the lowest exposure on shares since the funds inception on 20th of May.
At the end of August, the 14 mandatory pension funds managed net assets
of 111.5 EUR mln.
