10 Martie 2010
Top 9 private pension funds by annualized returns
Returns on pension on second-pillar savings averaged 16.9% annually since the introduction of the private mandatory pension plan in May 2008, above inflation rate that stood at around 5% in the period under review. Wall-Street compiled a list of top 9 pension funds by their weighted average return.
9. KD Fond de Pensii
KD fund delivered a weighted average return of 8.0% since the introduction of the privately-managed pension plan, in 2008. For the year ending February 2010, the fund recorded a return of 10.3%, above inflation rate.
At the end of February 2010, KD had 8,408 contributors, and a market share of 0.2% and assets of 3.5 million lei under management.
Data in the list were provided by the Association of Privately-Managed Pension Funds in Romania (APAPR).
8. BRD Fond de Pensii
In the twelve months to February 2010, BRD delivered a return of 18.4%. At the end of last month, BRD fund had 119,816 contributors and total assets of 66.3 million lei.
BRD has a market share of 2.4% both by assets under management and number of contributors.
7. Pensia Viva fund, Aviva
For the year ending February 28, the pension fund delivered a return of 20.2%, The fund’s assets total 182.7 million lei and has a market share of 6.7%.
By the number of contributors (363,381), the fund has a market share of 7.3%.
6. BCR
Over the past 12 months, BCR delivered a weighted average return of 19.0%, while its assets totaled 135.9 million lei (5.0% market share).
The fund has a market share of 6.2% by the number of contributors (306,316).
5. AZT Viitorul Tau and Vital, Aegon
The two funds on the fifth position recorded an annualized return of 14.6% since May 2008 to date.
For the year ending February 28, AZT had a weighted average return of 19.3%, against 17.2% recorded by Aegon.
At the end of February, Aegon’s fund had net assets of 72.9 million lei and a market share of 2.7% and 157,601 contributors (3.2% market share).
AZT Your Future had at the end of last month total assets of 625.3 million lei and a market share of 22.9% while the number of contributors reached 1.2 million (25.4% market share).
4. Eureko
For the 12-month period ending February 28, 2010, Eureko delivered a weighted average return of 19.0%.
The fund’s assets totaled 145.7 million lei and a market share of 5.3%. By the number of contributors, the fund’s share was 6.8%.
3. Alico
Alico had at the end of February total assets of 193.9 million lei and a market share of 7.1%. The number of contributors increased to 307,897 (6.2% market share).
For the year ending February 28, 2010, the fund had a return of 20.6%.
2. Aripi, Generali
In the 12-month period to February, the fund had a weighted average return of 23.3%.
The fund managed by Generali had net assets of 222.6 million lei and a market share of 8.2%.
The fund has a market share of 9.5% by the number of contributors (437,188).
1. ING
In February 2009 – February 2010, the leader’s return averaged 23.5%.
The number of contributors to ING pension fund reached 1.6 million at the end of February (32.9% market share).
The market leader’s assets totaled 1.07 billion lei, while its market share stood at 39.5%.