Last year, the return on investment of all state funded pension plans was negative / Article / LSM.LV

Without taking into account the seven active badet plans created last year, whose share in the shares can reach 75%, the return on 10 active investment plans in early 2019 ranged from -10 , 96% to -2.65%, the performance of four balanced investment plans While the conservative investment plan established last year, the profitability of seven conservative investment plans ranged from -2.77% to -0.38%.

The investment plan "Indexo Growth 47-57", managed by the investment management company "Indexo", whose return is -2.65%, is followed by the active investment plan of the investment management company INVL Asset Management "INVL" extra 47+ ", with a yield of 3.96% and an active investment plan" Dynamics "of" Swedbank Investment Management Company "with a yield of -4, 29%.

In turn, the most significant negative profitability was the "Gauja" investment plan managed by the investment management company "PNB Asset Management" (formerly "Norvik Investment Management Company"), whose return was -10 96%, ABLV Asset Management's "ABLV Active Asset Management Plan" with a return of -8.44% and a SEB Wealth Management SEB Plan with a return of -7.94%.

The most active active investment plans in early 2019 was the active investment plan "Dynamics" of "Swedbank Investment Management Company", which had 423,189 members (422,939 participants at the end of 2017) . The second most popular plan is SEB Wealth Management's SEB "active plan", which was joined by 138,532 participants (139,356 participants), while CBL Asset Management was the third most important investment plan. 124,985 members (128,293 participants). Investment Plan "CBL Active Investment Plan".

The data also shows that of the seven active investment plans created last year, with a share of up to 75% in equities, most of the participants at the beginning of this year were the "SEB Dynamic Plan" managed by SEB Wealth Management – 8552 participants, followed by the "Indexo" pension scheme. "Indexo power 16-50" – 6263 participants and investment plan "Swedbank Investment Management Company" "1990+" – 2749 participants.

Regardless of the conservative investment plan created last year, out of the seven conservative investment plans, the lowest negative profitability of the year is the "investment plan" of the badet management company of "Swedbank", -0.38%, while the investment managed by CBL Asset Management is the worst result "CBL Universal Investment Plan", ie -2.77 %.

The investment plan "Stability" managed by "Swedbank Investment Management Company" remains the most popular conservative investment, with 117,587 members (119,369 participants at the end of 2017).

In turn, the weakest negative return on four balanced investment plans over the year was INVL's investment plan "INVL comfort 53+" with INVL Asset Management, with a return of -2.88%, but the worst result was the investment plan "Venta" managed by PNB Asset Management. with a yield of -5.33%.

CONTEXT:

There are three levels of pension system in Latvia. First-level pensions are paid to current retirees from social security contributions collected in the budget. The second level of pension or capitalization implies that a portion of employees' social contributions is invested in the financial sector. On the other hand, private pension funds operate at a third level, where funds can be paid voluntarily.