31 May 2004 01:58
Over 78% of pensions invested in govt. securities
As of May 25, management companies had invested 79.96% of their
pension savings in all types of securities permitted by the law.
MOSCOW. May 31 (Interfax) - Management companies invested 78.3% of pension savings transferred to them in government
securities, Alexander Beskrovny, general director of ZAO United Depository Company, the special depositary of the
Russian Pension Fund, told Interfax.
Investments in stocks accounted for 0.53% of funds; in Russian regional bonds - 0.5%, in corporate bonds - 0.57% and
in municipal securities - 0.06%.
A total of 12.9% of pension savings were in cash and deposits, including 9.67% in cash in rubles and 3.01% in hard
currency. Ruble deposits accounts contain 0.22% of pension savings. Another 71.4% of pension savings have been invested
in other assets.
Management companies are permitted to invest pension savings in 148 securities issues, of which 34 are share issues,
53 are government securities and 35 are regional securities. Among corporate bonds, pension savings may be invested in
22 types of papers, four of which are municipal issues. [RU EUROPE ASIA EEU EMRG GVD FUND M ECI STX DBT BNK FRX] rd
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