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Armenia’s funded pension system’s assets doubled last year to 63.3 billion drams, according to central bank

20.02.2017 18:23

Armenia’s funded pension system’s assets doubled last year to 63.3 billion drams, according to central bank

YEREVAN, February 20. /ARKA/. The assets of Armenia’s funded pension system, placed in two private pension funds, doubled last year from 2015 to 63.3 billion drams, according to the Central Bank of Armenia. Some 43.3% or 27.4 billion drams are said to have been placed in bonds, including 24.7 billion drams in government bonds and 4.1 billion drams in other bonds.

Some 17.3 billion drams or 27.4% of total pension fund assets were placed in equity securities. At the same time 26.8% or 17 billion drams were cash and deposits. Other assets of the pension system in 2016 stood at 182.8 million drams.

The yield on assets kept at the so-called conservative funds amounted to 25, 05% (1 share price was 1,251 drams); the yield of assets kept at the weighted funds was 26.51% (1 share price was 1,265 drams) and the yield on assets at the stable income funds was 28.75% (the price of one share was 1,288 drams).

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