Croatias mandatory pension fund assets up by 23.3% y/y as at end-July.

By bne IntelliNews August 17, 2011
The net assets of Croatia's four mandatory pension assets surged by 23.3% y/y to HRK 40.3bn (EUR 5.4bn) as at end-July, the financial market supervision agency (HANFA) reported. In monthly terms, the net assets increased by 0.8%. The investments of the mandatory pension funds were mainly in domestic assets (88.2 % of total assets as at end-July, up by 3.6pps from the previous month). Within the domestic assets, the highest share of investments was in government bonds, which rose by 6.9pps over the month to 66.3% as at end-July. The share of investments in open-end investment funds stood at 1.2%, while the share of shares and global depositary receipts (GDR) went up by 0.1pps over the month to 15.3%. The net assets of the open voluntary pension funds increased by 25.2% y/y to HRK 1.6bn, while the net assets of the closed voluntary pension funds soared by 26.1% y/y to HRK 322mn.
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