Croatian mandatory pension funds assets up 13.4% y/y at end-April.

By bne IntelliNews May 17, 2012
The net assets of Croatias four mandatory pension funds increased by 13.4% on the year to HRK 44.1bn (EUR 5.9bn) at end-April, the financial market supervision agency said on its website. In monthly terms, the net assets rose by 1.8%. Investments in domestic assets accounted for 88.6% of the total, as the highest share was investments in government bonds (67.7%). The share of investments in open-end investment funds stood at 2.1%, while the share of funds deposited in shares and global depositary receipts (GDR) stood at 12.7% in April. The net assets of open-end voluntary pension funds increased by 11.2% on the year to HRK 1.78bn, while the net assets of closed-end voluntary pension funds soared by an annual 12.4% to HRK 350.7mn.
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