The investment performance was higher in case of Pillar-II pension funds, with 7.04% in first six months, versus 6.94% in case of Pillar-III pension funds.

These returns were realized under minimum risk conditions for the participants, the pension funds having 90% exposure on fixed-income financial instruments, the exposure on stocks and other volatile instruments being very low in first quarter of the year.

“The performance of the private pension market in Romania proved to be remarkable again, given the shaky economic environment and poor conditions in the financial markets. Romanian private pension funds remained the top performing funds in Europe and in the world”, Crin Andanut, chairman of APAPR commented.