Loading ...The return on investments was higher for mandatory private pension funds (operating under Pillar II), which posted a yield of 7.04 percent in the first 6 months of the year, compared to 6.94 percent registered by the optional private pension funds (Pillar III).
These gains were obtained under minimum risk to the contributors, with the pension funds having exposures higher than 90 percent on fixed-income and low-risk instruments, whereas exposure to stock and other volatile instruments was very small in H1.
“Once again, the Romanian private pensions market performed remarkably well, under very difficult conditions in the economy and the financial markets.
In the first half of the year Romania’s pension funds stayed among the best performing in Europe and worldwide,” commented APAPR president Crinu Andanut.
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