Voluntary pension funds' investments still focus on state and corporate bonds
Romania's voluntary private pension funds (3rd pillar pensions)
continued investing in state and corporate bonds during July, reducing
their exposure on listed shares to under 8%, according to data by
www.privatepensions.ro and CSSPP, Romania's pensions regulator. Thus,
at end-July, the 8 voluntary pension funds active in Romania had the
following asset structure: 71.4% state and municipal bonds (as against
69% in June), 6.5% corporate bonds (5.9% in June), 13.5% bank deposits
(15.5% in June), 7.9% listed shares (9.1% in June) and 0.7% mutula
funds (0.5% in June). At end-July, the cumulated assets under
management, after 14 months from launch, were of 13.6 EUR mln.
