The value of the assets managed by the third pillar pension funds also increased over the first three months, the bank of Lithuania said in a statement.
The first quarter of the year was the greatest success for the small equity share group of the pension funds. The value of their investment units grew by an average 1.45%. The value of conservative investment funds grew by an average 0.99%, of medium equity share funds – 0.73%, while that of equity pension funds dropped by 0.07% over the above-named period.
Out of the 28 second pillar pension funds operating in Lithuania, the value of their investment units was increased by 22 funds, while in six funds their value decreased.
The total value of second pillar pension fund assets grew by more than 170 million litas over the first quarter.
The first quarter was also more successful for the lower risk third pillar pension funds: the average increase in the value of mixed investment pension fund units was 0.95%, while of bond pension funds – 0.30%. However, the average value of equity pension fund units declined by 1%.
The overall value of the net assets managed by third pillar pension funds grew by 2.1 million litas – to 132.3 million litas.
