Decisions of the Governing Board for investments in the of October 2018 meeting

The Governing Board of the Kosovo Pension Savings Trust in its October 2018 meeting reviewed the state of all investments and investment funds, and reviewed the recommendations of the Investment Commission as well. Due to the unstable situation in the financial markets as well as the expected developments, the Board decided to take measures to reduce investment risk by directing the assets toward more conservative funds.

Therefore, the Governing Board at this meeting took the following decisions on the movement of the invested assets:

To withdraw: €21 million from Nordea SRF; €42 million from Amundi RP; €43 million from Schroders GDG; €47 million from AXA-OI; and €50 million from the BNP Parvest.

On the other hand, the withdrawn assets will be invested as follows: €21 million in Nordea GSE; €85 million in BNY Mellon and €97 million in Amundi 3M-I.