YEREVAN, August 2. /ARKA/. As of June 30, 2021, the assets of the pension funds managed by Amundi-ACBA Asset Management, exceeded 212 billion drams, the press service of ACBA Bank reported.
It said during the second quarter alone, the assets increased by more than 8 billion drams. Moreover, the bulk of that amount, about 68%, are invested in the Republic of Armenia.
The average annual yield of the three pension funds managed by the company continued to be high, fluctuating in the range of 8.4% -9.5%.
“The funds managed by Amundi-Acba, especially the Conservative and Balanced funds, provided a positive return during the second quarter, which more than offset the negative impact that the funds sustained from the investments in Armenia and the dram’s revaluation. Only in the second quarter of this year, the Amundi-Acba-managed Conservative and Balanced funds recorded a positive and the Stable Income fund even a negative result, but the average annual yield on the three funds is quite high, fluctuating in the range of 8.4% -9.5%,” said Hrayr Aslanyan, Manager of Amundi-ACBA Asset Management, adding that the return on the funds should be reviewed in the long run, as their management strategy is long-term.
Amundi-ACBA Asset Management is controlled by the Central Bank of Armenia. -0-
