-1.6% to 3.5% yields for mandatory pension fund after first month

The biggest yield after the first month of investing clients’ money was recorded by ING, leader of the privately managed pensions market. Mandatory pension funds (2nd pillar) ranged from -1.64% to a 3.54% yield in the first month from the launch, after 10 of the 14 funds landed in the red. The biggest return was recorded by the market leader, ING Fond de Pensii, with 3.54%, while the other funds either saw profits of less than 1%, or losses. However, these results are not relevant yet, with the actual yields of mandatory pension funds to show only in a few years’ time. The fund that yielded the second-largest return in the first month was BT Aegon, with 0.91%, while OTP was third, with a 0.46% yield. In the coming few days, funds will reveal their investment structure, and this will occur at the end of each month, with the information corresponding to the previous month. Most pension funds took advantage of the fact that the Private Pensions Supervision Commission (CSSPP) allows them to invest over 20% of their assets in monetary instruments, with just a few of them entering the capital market, as well.