In June 2020, Pillar II funds’ assets grew by RON1.3 billion.
Government bonds have the highest share in private pension assets, of 65.6%, up from 61% in December 2019. In June 2020, pension funds invested RON43.3 billion in state paper, higher than RON37.9 billion since the start of 2020.
Equity investments reached RON12.7 billion in June 2020, accounting for 19.2% of Pillar II assets, lower than 22% in December 2019, per ASF data.
The 7.5 million future pensioners, who transferred on average RON710 million to Pillar II funds each month of 2019, have reached significant participations in the companies listed on the Bucharest Stock Exchange. In December 2019 (the latest data), Pilon II funds had a participation of 18% in Banca Transilvania, which translates into an investment of RON2.4 billion at the largest lender in Romania. Also, the funds had a 24% participation in MedLife, leader on the local private medical services market, 20% in investment fund Fondul Proprietatea, 20% in Electrica, 17% in Transelectrica, 16% in Transgaz and 8% in OMV Petrom, the largest company listed on the local stock market.