Croatian mandatory pension funds assets up 13% y/y at end-Dec.

By bne IntelliNews January 19, 2012
The net assets of Croatias four mandatory pension funds increased by 13% on the year to HRK 41.1bn (EUR 5.45bn) at end-December, the financial market supervision agency said. In monthly terms, the net assets rose by 2.5%, the agency said in a sector report. Investments in domestic assets accounted for 88.5% of the total, as investments in government bonds had the highest share, of 66%. The share of investments in open-end investment funds stood at 2.5%, while the finances invested in shares and global depositary receipts (GDR) equaled to 14% in December. The net assets of the open-end voluntary pension funds increased by 11.5% on the year to HRK 1.64bn, while the net assets of the closed-end voluntary pension funds soared by an annual 13.5% to HRK 326.6mn over the period.
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