March 17 (SeeNews) - The assets held by voluntary pension funds (VPFs) in Serbia increased to 32.8 billion dinars ($284.1 million/264.5 million euro) at the end of 2016, up 13.5% on the year, according to official data.
The largest part of VPF assets was invested in government securities - 77%, NBS said in its third quarter sector review. A much smaller portion was invested in company shares - 7.4%, figures posted on the website of Serbia's central bank, NBS, show.
The FONDex index, an indicator of the movements in the VPF system, came in at 2,592.5 at the end of December, up from 2,535.5 in September.
The funds had a total of 183,553 members, equal to 9.5% of the total number of employees in Serbia. The average age of the funds' clients was 45 years.
(1 euro = 123.995 dinars)