According to calculations by Ziarul Financiar (ZF) daily, the seven pension funds’ yields ranged from 17.1% for Vital to 18.3% for NN Pensii and to 19% for Aripi, in the last 12 months, against the backdrop of a slowdown in the price hike rate in Romania and the performance of the Bucharest Stock Exchange.
At individual level, the performance of the last 12 months is as follows: 17.1% for Vital, 17.8% for Metropolitan Life Pensii Private, 18% for BRD Pensii, 18.3% for NN Pensii, 18.4% for AZT Viitorul Tau, 18.8% for BCR Pensii, 19% for Aripi. ZF calculated this evolution based on the net asset value (NAV) per unit published by Romania’s Financial Supervisory Authority (ASF).
By comparison, the Bucharest Stock Exchange – where private pension funds have invested about 25% of the portfolio, in companies such as Petrom, Hidroelectrica, Banca Transilvania, Romgaz, Digi, Fondul Proprietatea – recorded a 34% yield in the last year.
Romania’s annual inflation kept its downward trend in October 2023, decreasing to 8.1%, compared to 8.8% in September 2023 and 9.4% in August 2023 and July 2023, data from the country’s statistics board INS showed on Monday (Nov 13).
Pillar II pension system was established in Romania, in May 2008.