Governing Board decisions on investments on 25 June 2020

The Governing Board of the Kosovo Pension Savings Fund, based on the recommendations of the Investment Committee, has taken the following decisions regarding investments in the meeting held on June 25, 2020 in Prishtina:

1) To liquidate in full the allocation from: Amundi Euro Corp IG ETF (in the amount of €60.1m); iShares Euro Corp IG ETF (in the amount of €60.1 million); AXA Optimal Income (in the amount of €9.6 million); Amundi Rendement Plus (in the amount of €82.3 million), and Schroder Global Diversified Growth (in the amount of €41.3 million).

2) Partially withdraw funds from: iShares S&P 500 Minimum Volatility ETF (in the amount of €31.6 million) and from iShares MSCI Europe Minimum Volatility ETF (in the amount of €22.2m).

3) Increase allocation to: Vanguard Global Stock Index (in the amount €54.0 million); Invesco QQQ Nasdaq ETF (in the amount of €54.7 million); Nordea Stable Return (in the amount of €50.0 million); BNY Mellon Real Return (in the amount of €30.0 million); AXA Global Inflation Linked Bond (in the amount of  €120.0 million).