Sun, 27 July
35.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Amundi-ACBA Asset Management’s pension funds show record growth exceeding AMD 200 billion

YEREVAN, May 13. /ARKA/. In the first quarter of 2021 the global economy recorded a positive recovery after the 2020 crisis. The incentive policies of governments and central banks, as well as the use of highly effective coronavirus vaccines, have had a positive impact, primarily, on overseas stock markets.

Prices for many fund shares, including those of Amundi-ACBA Asset Management’s pension funds, showed record growth. Some prices even showed  double digit rise.

As reported by the press service of Acba bank,  as of the end of March 2021, the assets of pension funds managed by Amundi-ACBA Asset Management exceeded AMD 204 billion, about 68% of which were invested in Armenia. Compared to the beginning of the year, the size of the company’s assets increased by 16 billion drams.

See the video for details.

Amundi-ACBA Asset Management is supervised by the Central Bank of Armenia ($1 – 523.1 drams). -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img