06.06.2016, 08:34
NGPF Have Outperformed State Company in Terms of Pension Savings Management
OREANDA-NEWS. On 2016 Q1 results for the first time pension savings in the non-governmental pension funds (NPFs) exceeded those managed by the State Trust Management Company (GUK) of Vnesheconombank (VEB), according to the statements on the website of the Bank of Russia.
The savings managed by GUK of VEB dropped down to lower than 1.8 trillion rubles (2.2% of GDP), whereas the NPFs accumulated almost as many as 2.0 trillion rubles (2.4% of GDP). Pension reserves exceeded 1 trillion rubles and amounted to 1.3% of GDP. Total pension savings, including the pension reserves, reached 5.9% of GDP.
The transient campaign of 2015 resulted in considerable growth of the pension savings in the NPFs: 33 NPFs joined the pension insurance system in 2015 and received 259 billion rubles. Considerable inflow of funds led to the increase in their proportion on current accounts in the investment composition of pension savings. Nonetheless, NPFs still mostly invest in corporate bonds as a major part of their portfolio.
The continuing recovery growth of the markets positively affected the investing results: weighted average return on pension savings in the NPFs was 9.0 % p.a., which was higher than the inflation – the consumer price index grew by 8.7% over the same period. Expanded portfolio yield for GUK of VEB also outstripped inflation and amounted to 11.7% p.a.
The savings managed by GUK of VEB dropped down to lower than 1.8 trillion rubles (2.2% of GDP), whereas the NPFs accumulated almost as many as 2.0 trillion rubles (2.4% of GDP). Pension reserves exceeded 1 trillion rubles and amounted to 1.3% of GDP. Total pension savings, including the pension reserves, reached 5.9% of GDP.
The transient campaign of 2015 resulted in considerable growth of the pension savings in the NPFs: 33 NPFs joined the pension insurance system in 2015 and received 259 billion rubles. Considerable inflow of funds led to the increase in their proportion on current accounts in the investment composition of pension savings. Nonetheless, NPFs still mostly invest in corporate bonds as a major part of their portfolio.
The continuing recovery growth of the markets positively affected the investing results: weighted average return on pension savings in the NPFs was 9.0 % p.a., which was higher than the inflation – the consumer price index grew by 8.7% over the same period. Expanded portfolio yield for GUK of VEB also outstripped inflation and amounted to 11.7% p.a.
Комментарии