Voluntary private pension funds invested 10% of the clients’ money in shares
At the end of May, the voluntary private pension funds (pillar III) had the following investment structure: 71% in state securities and municipal bonds, 14% in bank deposits, 10% in shares, 4% in corporate bonds and 1% in mutual funds, according to the data presented today by Mircea OANCEA, president of the Private Pension Supervisory Commission (CSSPP), in a seminar organized by ZIARUL FINANCIAR. Thus, the voluntary private pension funds’ investments in shares reached a new peak, after the 7% from March.
By comparison, in March, the investment structure of the voluntary pension funds was 72% state securities, 15% deposits, 7% shares, 5% corporate bonds and 1% mutual funds. At the end of last year, the investments of the pension funds were only starting to diversify the investment instruments: 70% in bank deposits, 21% in state securities, 7% in mutual funds, 1% in shares and 1% in corporate shares. Finally, in September 2007 the pension funds had 99% of their assets invested in bank deposits and the remaining 1% in shares.
Although the investment instruments started to become more diverse, Mircea OANCEA says that the investments of the voluntary pension funds can still be called “conservative”.
“The assets of the voluntary private pension funds are diversified, but on a conservative investment structure. We anticipate this structure to remain as such for a longer period of time, considering the prudence displayed by everyone, from fund administrators to the supervisory authority and even the participants to these funds”, stated the head of CSSPP.
