Allianz Tiriac pensions turn a profit

 “We found some market instruments. We stopped buying shares and benefited from several minor advances on the stock exchange. Furthermore, we had more money than other funds, which allowed us to access a wider variety of investments,” said the fund’s Investments Manager, Dorin Boboc.

Allianz reduced its share portfolio to 9.55 percent at the end of June. Also, it invested 4.1 percent of funds in corporate bonds, and the remainder in bank deposits.

The other profitable funds are ING, BT Aegon, AIG, and OTP. Boboc added that the data is not yet relevant to anticipate long-term evolution.