Investment portfolio

The investments of the pension funds in stocks, bonds, deposits and other securities are defined in the legislation and bylaws related to fully funded pension insurance. Companies issuers of shares and bonds should meet a number of criteria so they can be included in the pension funds' portfolios.

 

On the domestic capital market, the Pension Fund is one of the largest investors, whereby the Fund acquires significant share in the ownership structure of the Macedonian blue chip companies that make profits, invest in their assets in order to increase sales in the future and distribute part of its profit in the form of a dividend. On foreign markets, the assets of the Pension Fund are invested in stocks and bonds of companies coming from the countries of the European Union and the OECD, with high credit rating and market capitalization.

 

In selecting the companies that will include them in the pension funds portfolio, the Company will primarily detect the long-term prospects of these companies in accordance with the long-term liabilities on the basis of Pension Funds.

 

In foreign markets, the Pension Fund assets, besides companies' shares and bonds, are also invested in bonds issued by Governments and Central Banks of EU Member States and OECD that meet the criteria for high credit rating and offer appropriate returns versus risk.