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Value of assets in private pension pillar drops

ASSETS in the second pension pillar fell to  €6.62 billion by March 27, a drop of €10.5 million euros over the previous week, the SITA newswire reported on March 31.  

(Source: Sme)

In equity funds the pension fund management companies (DSS) registered €647.2 million of assets, a weekly decrease of €8.1 million. In mixed funds there were almost €70.5 million, a weekly drop of €0.34 million. In bond funds on March 27 the net value of assets went down by €2.87 million to over €5.76 billion. In index funds DSS managed nearly €139.1 million, whereby the value of assets in these funds soared by €0.8 million, according to the Association of Pension Fund Management Companies.

In equity funds the current value of a pension unit on March 27 dwindled in weekly terms by 0.73 percent to 2.07 percent. The value of a pension unit in these funds ranged from €0.041809 to €0.047706. The value of a pension fund in mixed units in the same period dropped by 0.37 percent to 0.97 percent. In these funds, the value of a pension unit ranged from €0.042465 to €0.047448.

In bond funds, the value of a pension unit changed from negative 0.09 percent to positive 0.01 percent. The value of units in these funds ranged from €0.041594 to €0.045006. Index funds recorded an fall in the value of a pension unit by 1.17 percent to 2.45 percent. Pension units in these funds ranged from €0.050189 to €0.054076.

Starting March 15, those who have a diverted part of their savings into the private pension funds have a three month window to pull their money out and reallocate it back into the public pension system. 

 

 

 

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