Eight out of the nine privately-managed mandatory pension funds(2nd pillar) have for the first time since their launch published adetailed structure of their investments.
The eight funds invested around 130 million lei in foreignshares, such as those of BMW, Daimler and Louis Vuitton and afurther 308 million lei in corporate bonds, such as those issued byUK banks Royal Bank of Scotland, Lloyds and the Bank ofIreland.
Investments of the eight funds on the Bucharest Stock Exchangeamounted to 300 million lei, with the biggest investments targetingthe five SIFs (Financial Investment Companies), Petrom and BRD,while investments in bonds issued by Romanian companies amounted to50 million lei. Two thirds of the cumulated assets of the eightfunds, i.e. around 2.2 billion lei, are invested in RomanianT-bills.
The funds' investments in shares make the difference in terms ofyield and implicitly in terms of to the pension that contributorsto these pension schemes will receive in 20 years' time.
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