The yearly yield would stand at 11.9 percent by the calculations of APAPR, the president of the association, Crinu Andanut said.
The funds have so far adopted a conservative investment strategy counting mostly on fixed-income financial instruments which bring attractive yields, despite the tough economic conditions on the market, he said.
Stocks and other instruments with variable incomes which bring long-term gains and add value to investors’ portfolio cause losses on the short-term, he also said.
The yield of private mandatory pension funds, known as Pillar II, beat the annual inflation of 7 percent.
The Pillar II players cashed in premiums of 116.955 million lei for December last year and arrears of 5.75 million lei for the previous months, data from the country's Pensions’ Office (CNPAS) showed.
The private mandatory pension market ran net assets of 949.6 million lei at the end of January, up 14.15 percent versus the previous month. Yet, the budget for 2009 blocks contributions at 2 percent of the gross salary this year.
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