{"id":249341,"date":"2020-05-08T15:54:15","date_gmt":"2020-05-08T15:54:15","guid":{"rendered":"https:\/\/armbanks.am\/2020\/05\/08\/249341\/"},"modified":"2020-05-08T15:54:15","modified_gmt":"2020-05-08T15:54:15","slug":"amundi-acba-asset-management-ensures-8-7-9-1-annual-growth-of-funded-pensions-video","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2020\/05\/08\/249341\/","title":{"rendered":"Amundi-ACBA Asset Management ensures 8.7-9.1% annual growth of funded pensions (video)"},"content":{"rendered":"\n

YEREVAN, May 8. \/ARKA\/. <\/strong>At the end of March, 2020, the amount of assets managed by Amundi-ACBA Asset Management stood at about 136 billion drams, the press service of ACBA-CREDIT AGRICOLE BANK reported today.<\/p>\n\n\n\n

According to a\nbank press release, the assets are diversified -directly or indirectly – in\ndifferent parts of the world and countries, in different classes of assets and\nin different currencies.<\/p>\n\n\n\n

The coronavirus pandemic\nis adversely affecting international financial markets. However, this is most\nseverely reflected in the global stock market, where some of indexes slashed by\n20-25% in the first quarter of 2020.<\/p>\n\n\n\n

According to the\ndeputy director of Amundi-ACBA Asset Management Hrayr Aslanyan, this drop could\nnot fail to have a negative impact on those Armenian pension funds, some of\nwhich were invested in shares. But, according to him, the impact was rather\nrestrained.<\/p>\n\n\n\n

“This is due\nto our actions. The record of the management of Armenian pension funds by\nAmundi-ACBA Asset Management indicates that over the past six years there were\nshort periods during which the funds recorded negative results, but they were usually\nfollowed by longest periods of growth,” he said.<\/p>\n\n\n\n

According to\nAslanyan, as a result, from the moment of creation, the average annual\nprofitability rate of the pension funds have been fluctuating in the range of\n8.7-9.1%.<\/p>\n\n\n\n

“When\nmanaging pension funds, Amundi-ACBA Asset Management is guided by the best\ninterests of fund participants, taking advantage of the expertise and technical\nassistance of the French Amundi,” he said.<\/p>\n\n\n\n

The company is\ncontrolled by the Central Bank of Armenia.<\/p>\n\n\n\n

Amundi-ACBA Asset\nManagement was founded by ACBA-CREDIT AGRICOLE BANK and the leading European\nasset manager, the French company Amundi. Amundi-ACBA Asset Management Company\nis one of two managers of Armenian funded pension systems.<\/p>\n\n\n\n


ACBA was established in 1995 as part of EU\u2019s TACIS program. As a result of a long-term and mutually beneficial cooperation between ACBA Bank and the French Credit Agricole the latter became the biggest shareholder of ACBA in 2006, September. ACBA was restructured, becoming a closed joint stock company and was renamed ACBA CREDIT AGRICOLE BANK. -0—-<\/p>\n\n\n\n

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