Governing Board’s decisions on investments from the meeting of 15th July 2019

The Governing Board of the Kosovo Pensions Savings Trust approved the withdrawal of EUR 80 million from the investment fund Vanguard GSIF, based on the recommendations of the Investment Committee dated 15th July 2019. Furthermore, the Board approved the recommendation of investing these funds as follows: EUR 65 million in the fund Amundi 3M, EUR 10 million to be time deposited in a bank in Kosovo, and 5 million for investments in the upcoming securities auctions of the Government of Kosovo.

Such reallocation of funds is a continuation of tactical allocation that the Governing Board is regularly doing in order to maintain the value of the funds invested.