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Bulgaria pension funds up equity, overseas investments

The Bulgarian pension funds are boosting their exposure to equities and overseas investments and shifting away from government securities, bonds and deposits, shows data released by the Bulgarian financial regulator for the January-September period.

Around a third of the pension assets are invested in public corporations or collective investment schemes. The voluntary supplementary pension funds showed the biggest level of exposure as they face less restrictive rules for targeting these types of securities.

The supplementary voluntary arms of CCB-Sila, Badeshte and Lukoil Garant have tied up more than half of their assets in equities and collective investment schemes, the biggest level among the supplementary voluntary funds.

The universal and occupational pension divisions of the same companies, together with DSK-Rodina, are once again the biggest investors in equities and collective scheme on their respective segments.

On average, the supplementary voluntary funds have committed 37.41% of their overall investments to equities, followed by the occupational funds with 34.27% and the universal funds with 31.49%.

The supplementary voluntary funds posted a 356.85% year-on-year increase in investments abroad over January-September, followed by the universal funds with 333% and the occupational funds with 270%.

Investments abroad now account for 13.91% of the overall investments made by universal funds, 13.23% of the investment total of supplementary voluntary funds and 12.98% of the investment total of occupational funds.(Dnevnik)