Mandatory private pension funds had assets worth 89.63 billion RON at the end of January 2022, up 15% from the level recorded on January 31, 2021, shows data of the Financial Supervisory Authority (ASF).
"The privately managed pension funds' investments were 88% focused on Romanian assets, most of which were denominated in RON. A large part of Romanian instruments are represented by government securities or shares listed on the BVB [Bucharest Stock Exchange]," reads the report.
Government securities made up the largest share of the assets, of 54.471 billion RON, respectively 60.77%. Shares came in second, at 23.148 billion RON (25.83%). Corporate bonds ranked third in this respect, at 6.413 billion RON and 7.15% of total assets, respectively.
According to ASF data, mandatory private pension funds had 7.814 million participants in January.
The following pension funds operate in Romania under Pillar II:: Metropolitan Life, Aripi, AZT Viitorul tau, BCR, BRD, NN and Vital.