In February 2021, assets of Pillar II funds declined 0.6% compared with January, despite a growth of RON14 million in contributions from participants, to nearly RON832 million.
This suggests the drop was due to the performance of investments in the funds’ portfolios.
The Bucharest Stock Exchange’s main index, the BET, declined nearly 1% in February.
The biggest share of Pillar II funds’ investments was in state treasuries, standing at 66.14% in February from 67.3% in January, the data showed. The value of investments in government debt stood at RON51 billion in February compared with RON52.2 billion in January.
Investments in equity accounted for 22.3% of Pillar II portfolios in February and were worth RON17.2 billion. In January, equity investment stood at 22.16% and was worth about the same.