Total assets managed by mandatory private pension funds in Romania, which have 7.6 million contributors, have increased by RON8.3 billion since the beginning of 2020.
Pillar II funds saw the seventh consecutive month of growth in October their assets have increased by 13% since the beginning of 2020, ASF data also showed Monday.
At the end of October 2020, Pillar II private pension funds had invested RON48.3 billion in government bonds (68.73% of the total), RON13.5 billion in equity, mainly on the Bucharest Stock Exchange (19.3%), RON3 billion in corporate bonds (4.2%), RON1.6 billion in bank deposits (2.3%) and other investments.