2012-06-13
The Bank of Lithuania data suggest that due to good investment results the assets managed by thirty Pillar II pension funds operating in the country increased by LTL 291.32 million (7.14 %) and reached LTL 4.372 billion in the first quarter of this year. Assets managed by nine Pillar III pension funds rose by LTL 5.48 million (5.83 %) and at the end of the quarter amounted to LTL 99.39 million.
“The beginning of this year was successful for pension funds, their positive operating results were determined by a rise of financial markets after drops last year. Assets managed by Pillar II pension funds grew in the first quarter of this year more than within the entire 2011. The fund unit values increased, as well as the total number of participants in pension funds”, noted Mr. Vilius Šapoka, Director of the Financial Services and Markets Supervision Department of the Supervision Service of the Bank of Lithuania.
In the first quarter unit values of Pillar II pension funds increased on average by 5.2 per cent and unit values of Pillar III pension funds advanced by 7.5 per cent.
In the first quarter of this year the number of participants accumulating their pensions in Pillar II pension funds rose by 0.79 per cent (8 357) to 1 062 754, and the number of those accumulating their pensions in Pillar III pension funds stepped up by 2.69 per cent (710) to 27 140.
At the end of the first quarter the major share (more than a half) of investments of Pillar II and Pillar III pension funds was composed of investments into collective investment undertakings (CIUs) and shares.
Based on the Bank of Lithuania data, a positive return in the first quarter of this year was registered by all 30 Pillar II pension funds operating in the market and by all 9 Pillar III pension funds. Return of Pillar II pension funds fluctuated in the range of 1.1 per cent to 11.6 per cent, while of Pillar III pension funds – from 2.6 per cent to 13.8 per cent.