Croatian mandatory pension funds assets up 22.8% y/y at end-September.

By bne IntelliNews October 19, 2012
The net assets of Croatia's four mandatory pension funds jumped by an annual 22.8% to HRK 48.7bn (EUR 6.5bn) at end-September 2012, the financial market supervision agency (HANFA) said. In monthly terms, the net assets rose by 4.2% at the end of September, HANFA said in a statement. The investments of the mandatory pension funds went mainly into domestic assets (88.6% of total assets at end-September, down by 0.8pps from the previous month). Within the domestic assets, the highest share of investments was in government bonds 66.5% at end-September. The share of investments in open-end investment funds stood at 1.6%, while the share of stocks and global depositary receipts (GDR) went down 2.7pps over the month to 12.2%. The net assets of the open-end voluntary pension funds increased 21.8% on the year to HRK 1.92bn, while the net assets of the closed-end voluntary pension funds went up by an annual 23.1% to HRK 387.5mn.
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