Governing Board decisions on investments on 19 March 2021

The Governing Board of the Kosovo Pension Savings Trust, based on the recommendations of the Board’s Investment Committee, in the meeting held on 19th of March 2021 took the following decisions on investments:

1) Partially withdraw funds from: AXA GILB (in the amount of €100 million); BNP Target Risk Balanced (in the amount of €60 million) and from Amundi 3M (in the amount of €40 million).

2) All these withdrawn funds, adding another €15 million from new incoming contributions will be invested as follows: Amundi MSCI EU Quality ETF (€60 million); S&P Oil & Gas Production and Exploration ETF (€20 million); United States Oil Fund (€5 million – phased investment); Nordea Global Stable Equity (€40 million); Invesco Nasdaq QQQ ETF (€20 million); First Trust Nasdaq Cybersecurity ETF (€35 million) and L&G E-commerce & Logistics ETF (€35 million).

All these decisions have already been implemented.