| The net assets of Croatia's four mandatory pension funds surged by an annual 24.6% to HRK 53.1bn (EUR 7bn) at end-February 2013, the financial market supervision agency (HANFA) said in a statement. In monthly terms, the net assets rose by 0.6% at the end of February. The investments of the mandatory pension funds went mainly into domestic assets (86.4% of total assets at end-February, down by 0.6pps from the previous month). Within the domestic assets, the bulk of the investment was in government bonds with a share of 63% at end-February. The share of investments in open-end investment funds stood at 2.8%, while the share of stocks and global depositary receipts (GDR) went up by 0.1pps on the month to 13.5%. The net assets of the open-end voluntary pension funds increased by 21.8% on the year to HRK 2.1bn, while the net assets of the closed-end voluntary pension funds rose by an annual 38.4% to HRK 463mn. |
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