Voluntary and mandatory pension funds, just as conservative with their investments
Voluntary pension funds (3rd pillar) and mandatory pension funds (2nd pillar) were at the end of May just as conservative with their investments, shows an analysis by www.pensiileprivate.ro.
They had similar asset allocation structures - about 80%-85% in T-bills and deposits, 10% in shares, 3% in corporate bonds and the rest in mutual funds.
Within the following months, fund managers say mandatory funds will carefully develop their positions, to reach a standard allocation of 70% T-bills, 5 corporate bonds, 15% shares, 10% deposits and 5% mutual funds and other instruments towards the end of the year. The only risk factor to this scenario is the downfall of the capital markets, which could determine funds to keep a conservative stance and stay away from listed shares, waiting for the financial storm to be over.
