The mandatory private pension funds operating in Romania have 7.54 million participants.
Government bonds have the highest share in private pension assets, of 64.6%, up from 63.7% in April. In May 2020, pension funds invested RON2.3 billion in state paper.
Equity investments grew by RON900 million in May, accounting for 19.5% of their Pillar II assets.
Bank deposits accounted for 4.8% of pension fund assets in may from 5.4%in April, or RON277 million.
The seven Pillar II funds reduced exposure on municipal bonds by RON121 million, down to 0.28% of assets. They also lowered investments in corporate bonds by RON760 million, to 5.5% of assets.