Net assets managed by mandatory private pension funds, which have 7.6 million contributors, grew by RON7.85 billion since the beginning of the year mainly due to stock market recovery.
In September alone, net assets of Pillar II funds grew by RON1.32 billion.
At the end of September, Pillar II assets had invested RON47.3 billion in government bonds (67.6% of the total), RON14.2 billion in equity, mainly on the Bucharest Stock Exchange (20.3%), RON3 billion in corporate bonds (4.3%), RON1.76 billion in bank deposits (2.5%) and other investments.