Rising stock markets boost second pension pillar assets €18.7 million

ASSETS of savers in the second pension pillar reached more than €6.6 billion on March 13 with the net value of assets growing by €18.7 million over the previous week as European stock markets rose in reaction to quantitative easing by the European Central Bank. 

(Source: SME)

Pension fund management companies (DSS) registered €648.3 million in equity funds, a weekly increase of €7.16 million, , according to Association of Pension Fund Management Companies. In mixed funds there were €70.3 million, a weekly increase of €0.67 million. In bond funds on March 13 the net value of assets increased by €7.6 million to over €5.75 billion. In index funds DSS managed €132.4 million, whereby the value of assets in these funds increased by €3.3 million.

In equity funds the current value of a pension unit on March 13 increased in weekly terms by 0.65 percent to 1.42 percent. The value of a pension unit in these funds ranged from €0.042154 to €0.048250. The value of a pension fund in mixed units in the same period grew by 0.56 percent to 1.12 percent. In these funds, the value of a pension unit ranged from €0.042514 to €0.047756.

In bond funds, the value of a pension unit increased by 0.07 percent to 0.46 percent. The value of units in these funds ranged from €0.041615 to €0.045028. Index funds recorded an increase in the value of a pension unit by 0.59 percent to 2 percent. Pension units in these funds ranged from €0.050335 to €0.054455. 

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Murder of journalist: How did Ján and Martina die?

Journalists working with Ján Kuciak described how he and his fiancée, Martina Kušnírová, were killed.

People still remember Ján Kuciak and Martina Kušnírová.

The murder of journalist changed Slovakia, but not all of it

There are still people who continue as if it’s business as usual.

Illustrative stock photo

What are the best employee benefits? Ask your employees

Salaries and a good company atmosphere, not benefits, keep people loyal.

Parking as a benefit it popular among employees.

UPDATED: Protest gatherings will return to Slovakia one year after the murders of Kuciak and Kušnírová

The gatherings will be held under the slogan “We won’t forget! We will continue!”.

November 16 gathering in Bratislava