The best results by the end of 2008 were registered by ING Fond de Pensii, at 9.81 percent, although the company invested least in fixed income instruments. As such, ING invested some 56 percent of funds administered in state and municipal bonds, while BT Aegon invested 85.6 percent of assets in such instruments.
Investments on the capital market in shares, and corporate and investment fund bonds made up 26.3 percent of the entire market. December investments in deposits rose to over 13 percent, from 10.67 percent in November 2008.
“Private pension fund administrators continued to invest in safer assets in December. The cumulated ratio of financial instruments most exposed to the international crisis dropped in favor of safer instruments. Furthermore, the ratio of corporate bonds continued to rise continuously, reaching 24 percent,” according to the CSSPP report.
Pillar II funds had 4,031,421 participants by the end of December, from which they collected contributions since May 2008, with net assets of the 14 funds exceeding €209 million, up 66.94 percent compared to the third quarter, and about four and a half times more than in the May-June 2008 interval.
The average contribution by participant at the end of the year was RON 27, while the average for May-December 2008 was RON 28 per participant.
