{"id":96310,"date":"2016-03-23T15:21:37","date_gmt":"2016-03-23T15:21:37","guid":{"rendered":"https:\/\/armbanks.am\/2016\/03\/23\/244376\/"},"modified":"2024-12-15T13:22:48","modified_gmt":"2024-12-15T13:22:48","slug":"total-assets-of-armenias-pension-funds-stand-now-at-35-5-billion-drams","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/03\/23\/96310\/","title":{"rendered":"Total assets of Armenia\u2019s pension funds stand now at 35.5 billion drams"},"content":{"rendered":"

YEREVAN, March 23. \/ARKA\/.<\/strong> The total assets of Armenia\u2019s pension funds managed by two companies stand\u00a0 now at 35.5 billion drams, and the annual yield is 7%, Karen Hakobyan, the head of securities regulation division of the Central Bank\u2019s financial system regulation department , said today at a discussion devoted to the funded pension system.<\/p>\n

According to him, about half of the total assets -about 16.5 billion drams- were contributed\u00a0 by employees and as much by the government, while the remaining 2.5 billion drams were generated as income.<\/p>\n

Hakobyan said the pension funds have 140 thousand registered members, of whom\u00a0 about 70 thousand are\u00a0 public sector employees, and about 70 thousand are from the private sector. He said about 3-4 thousand new members join the system monthly.<\/p>\n

Hakobyan said the assets are invested in bank deposits, stocks, government and corporate bonds,\u00a0 mortgage bonds in drams and in various major international companies\u2019 shares – such as Apple, Google, Microsoft, Nestle, Nissan, Toyota, Sony and Coca-Cola.<\/p>\n

He added that 66% of the assets are in Armenian drams , 25% in US dollars and 9% in euros.
\nArmenian pensions funds are managed by AMUNDI-ACBA ASSET MANAGEMENT CISC and C-QUADRAT AMPEGA ASSET MANAGEMENT LLC.<\/p>\n

AMUNDI ASSET MANAGEMENT, one of two founders of AMUNDI-ACBA ASSET MANAGEMENT, holds 51% of the company\u2019s shares, and 49% belong to ACBA-CREDIT AGRICOLE BANK, the other founder. AMUNDI ASSET MANAGEMENT has offices in 30 countries and more than 100 million clients. Its assets total about $1 trillion.<\/p>\n

C-QUADRAT AMPEGA ASSET MANAGEMENT is a joint company of \u0421- QUADRAT Investment AG (Austria) \u2013 74.9% and Talanx Asset Management GmbH (Germany) \u2013 25.1%. It runs assets of $6 billion in 17.<\/p>\n

Talanx Asset Management GmbH is a member of Talanx Group, the third biggest insurance corporation in Germany.<\/p>\n

Talanx started functioning more than one century ago. It is running assets exceeding $180 billion in 150 countries.<\/p>\n

The funded pension system requires that all Armenian citizens born after 1973 pay social security taxes equivalent to 5 percent of their monthly wages, which is matched and doubled by the government. That money has to be deposited with private pension funds licensed by the government. ($1 \u2013 480.84 drams).\u20130\u2013<\/p>\n","protected":false},"excerpt":{"rendered":"

The total assets of Armenia\u2019s pension funds managed by two companies stand now at 35.5 billion drams, and the annual yield is 7%, Karen Hakobyan<\/p>\n","protected":false},"author":1,"featured_media":157060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,15763,13582],"class_list":{"0":"post-96310","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-assets-2","11":"tag-pension-funds"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/96310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=96310"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/96310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157060"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=96310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=96310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=96310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}