Net assets managed by mandatory private pension funds, which have 7.6 million contributors, have grown by RON11 billion since the beginning of 2020 mainly due to Romanian employees’ contributions.
In November alone, net assets of Pillar II funds grew by RON3 billion.
At the end of November 2020, Pillar II assets had invested RON49.7 billion in government bonds (68% of the total), RON15.2 billion in equity, mainly on the Bucharest Stock Exchange (20.7%), RON3 billion in corporate bonds (4%), RON1.6 billion in bank deposits (2.12%) and other investments.