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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. 

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