Croatias mandatory pension fund assets up 24% y/y at end-October.

By bne IntelliNews November 21, 2012
The net assets of Croatia's four mandatory pension funds surged by an annual 24% to HRK 50bn (EUR 6.6bn) at end-October 2012, the financial market supervision agency (HANFA) said in a statement. In monthly terms, the net assets rose by 2.6% at the end of October. The investments of the mandatory pension funds went mainly into domestic assets (89% of total assets at end-October, up by 0.4pps from the previous month). Within the domestic assets, the bulk of the investment was in government bonds with a 66.2% share at end-October. The share of investments in open-end investment funds stood at 1.3%, while the share of stocks and global depositary receipts (GDR) went down by 0.1pps on the month to 12.2%. The net assets of the open-end voluntary pension funds increased by 22.5% on the year to HRK 2bn, while the net assets of the closed-end voluntary pension funds rose by an annual 24.9% to HRK 399.3mn.

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