Mandatory private pension funds' investments in October

Mandatory private pension funds (2nd pillar) chose again not to take risks in October and instead continued to invest the bulk of clients’ money in fixed-income assets, according to data from the Private Pensions Supervisory Commission (CSSPP). At the end of October, pension fund investments amounted to around 612 million RON (over 167 million euros), whilst almost 68% of the sums were placed in government and municipal bonds. All pension funds invested more than half of their assets in such instruments. The funds with the biggest investments in government and municipal bonds are BT Aegon (around 83%), Interamerican (81%), Allianz-Tiriac (76%) and OTP (75%). Corporate bonds have the second largest share in pension funds’ investment portfolios and account for 16% of overall investments. However, there are funds, such as BT Aegon, Bancpost, OTP and KD, which have not invested in corporate bonds at all.