The 4.5% monthly growth in Pillar II assets was mainly due to the recovery of capital markets and the contributions of nearly 7.5 million participants.
Government bonds have the highest share in private pension assets, 64.5%, while equity grew to account for 19.5% in May, once percentage point above April.
By value, Pillar II pension funds had invested RON12.6 billion on the Bucharest Stock Exchange at the end of May, up from RON11.6 billion at the end of April. The main Bucharest stock market index BET grew 9% in May.
On the other hand, Pillar II pension funds lowered their bank deposits to 4.8% at the end of May from 5.5% at the end of April.