06-07-2018

Decisions of the Governing Board in the meeting held in June 2018

In the meeting held in June 2018, the Governing Board of the Kosovo Pension Savings Trust reviewed the situation of all investments and investment funds, and reviewed all recommendations from respective committees.

Governing Board during the meeting rendered the following decisions regarding investments:

1) To withdraw €25m from Amundi 3M, 2) To invest €25m @ BNY Mellon; 3) To publish an invitation for bidding for bank deposits in local banks for a maximum of € 20m. Bids are required by banks to be for periods of 12, 18 and 24 months. The limits should be from €1m to a maximum of €10m; and 4) Publish a bid for international agent (broker) – for the purpose of engaging with ETF investment funds.