Since the beginning of the year, all 2nd and 3rd pillar pension funds operated profitably

In January 2012, the weighted average unit value of 2nd pillar pension funds increased by 2.93 per cent, and that of 3rd pillar pension funds went up by 4.38 per cent. Such results of 2nd and 3rd pillar pension funds were determined by optimism in global stock markets.

OMX Baltic Benchmark GI, the index reflecting the Baltic stock markets, went up in January by 2.74 per cent. DJ Stoxx 600, the stock index for the Western European countries, recorded the return of 4.04 per cent, the index for Central European countries CETOP 20 jumped by 13.09 per cent, whereas the emerging markets index (MSCI EM) went up by 12.24 per cent.

The growth of indices was determined by lower concern about the debt crisis of the EU states in January. Over the course of this month, meetings of the heads of state took place in an attempt to take joint decisions on the potential crisis resolution actions. Markets were also positively affected by the decision taken at the end of last year by the European Central Bank to allow the region’s banks to borrow large amounts for a longer period for the interest of 1 per cent. This calmed the investors, which were afraid of potential liquidity problems of the European financial sector.  

The largest positive change was recorded in January by the most risky stock pension funds: their weighted average unit value grew by 4.92 per cent on average. The unit value of medium equity share pension funds went up on average by 3.50 per cent and that of small equity share pension funds increased by 2.18 per cent. The unit value of conservative investment pension funds went up by 1.03 per cent.

Positive return on investment was attained by all 30 2nd pillar pension funds operating in the market in January.

Over the last 12 months, the weighted average unit value of 2nd pillar pension funds increased by 0.97 per cent. During this period, the least risky conservative funds grew the most: their unit value went up by 3.11 per cent on average. Only the unit value of the most risky stock funds declined. It went down in the course of 12 months by 4.83 per cent. The total net asset value of 2nd pillar pension funds exceeded LTL 4.2 billion on 31 January 2012.

In January 2012, the weighted average unit value of 3rd pillar pension funds increased by 4.38 per cent. The largest positive change was recorded by 3rd pillar stock pension funds – 5.95 per cent.

Positive return on investment was attained by all 9 3rd pillar pension funds operating in the market in January.

In the course of 12 months, the weighted average unit value of 3rd pillar pension funds remained negative – 3.61 per cent, while the total net asset value of 3rd pillar pension funds made up LTL 96.15 million on 31 January 2012.