Pillar II pension funds in Romania closer to real positive gains in April
The value of the units in privately managed mandatory pension funds (Pillar II) increased by 0.9%-1.0% in April compared to March and posted nominal annual advances of 5%-6%, according to data published by the financial markets supervisory…
iulian ernst · Journalist
· Updated · 1 min read
The value of the units in privately managed mandatory pension funds (Pillar II) increased by 0.9%-1.0% in April compared to March and posted nominal annual advances of 5%-6%, according to data published by the financial markets supervisory body ASF.
This was, however, only half of the annual inflation (11.2% y/y in April).
Lower inflation and base effects after the drop in bonds’ prices last year are closing the gap between inflation and pension funds’ performance.
The differential between the fund units’ annual increase and inflation (a measure of unit funds’ real performance) plunged to nearly -25% y/y in September 2022 to gradually narrow to 5.3% in April 2023.
(Photo source: Designer491/Dreamstime.com)
Free newsletters
Romania, in your inbox before your first coffee.
Get the Daily — the morning briefing, free, in English, unsubscribe anytime. Want business, real estate or travel digests too? Pick your newsletters →
