Croatias mandatory pension fund assets up by 24.7% y/y as at end-May.

By bne IntelliNews June 17, 2011
The net assets of Croatia's four mandatory pension assets surged by 24.7% y/y to HRK 39.8bn (EUR 5.4bn) as at end-May, the financial market supervision agency (HANFA) reported. In monthly terms, the net assets increased by 2.2%. The investments of the mandatory pension funds were mainly in domestic assets (84.6 % of total assets as at end-May, down by 0.3pps from the previous month). Within the domestic assets, the highest share of investments was in government bonds, which rose by 0.4pps over the month to 50.9% as at end-May. The share of investments in open-end investment funds stood at 4.15%, while the share of shares and global depositary receipts (GDR) went up by 0.1pps over the month to 13.8%. The net assets of the open voluntary pension funds increased by 26.2% y/y to HRK 1.6bn, while the net assets of the closed voluntary pension funds soared by 27.8% y/y to HRK 317mn.
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