Governing Board decisions on investments on March 2020

Based on the recommendations of the Investment Commission, the Governing Board of the Kosovo Pension Savings Trust approved the following decisions:

1) To initiate immediate investment in iShares Core Eurostoxx 50 ETF in the amount of €15m;

2) To initiate immediate investment in iShares MSCI Europe Minimum Volatility in the amount of €15m;

3) To initiate immediate investment in iShares S&P 500 Euro Hedged ETF in the amount of €15m;

4) To initiate immediate investment in iShares S&P 500 Minimum Volatility Euro Hedged ETF in the amount of €15m;

5) To implement the second investment tranche on 19 March – subject to intervention/change of automatic execution by the Board – in the following funds:

• iShares Eurostoxx 50 ETF in the amount of €15m;
• iShares MSCI Europe Minimum Volatility in the amount of €15m;
• iShares S&P 500 Euro Hedged ETF in the amount of €15m;
• iShares S&P 500 Minimum Volatility Euro Hedged ETF in the amount of €15m;

6)  To implement the third investment tranche on 26 March – subject to intervention/change of automatic execution by the Board – in the following funds:

• iShares Eurostoxx 50 ETF in the amount of €15m;
• iShares MSCI Europe Minimum Volatility in the amount of €15m;
• iShares S&P 500 Euro Hedged ETF in the amount of €15m;
• iShares S&P 500 Minimum Volatility Euro Hedged ETF in the amount of €15m;

6) To finance purchases in the above proposals through cash available at the CBK and the Amundi 3M money market fund.