The growth in assets since the beginning of the year stands at some 16%.
The assets of the Pillar II pension funds increased by about RON800 million or about 6% in September, when the stock market gained almost 4%, ZF has calculated from ASF and Bucharest Stock Exchange data.
Most of the Pillar II pension funds’ assets, 61% or RON53 billion, are invested in government paper, which makes them some of the largest funding providers of the Romanian government. The funds also invested in stocks on foreign markets, as well as on the local market, almost 25% of their assets or RON22 billion, an all-time high.
(English version by Loredana Fratila-Cristescu)