October 22 (SeeNews) - The assets held by voluntary pension funds (VPFs) in Serbia increased to 38.1 billion dinars ($370.7 million/321.9 million euro) at the end of June from 37.1 billion dinars at the end of March, official data shows.
The largest part of VPF assets was invested in government securities - 84.09%, according to figures posted on the website of Serbia's central bank, NBS.
A much smaller portion of assets, 8.54%, was invested in company shares and balances in custody accounts and bank time deposits made up 6%, the central bank said.
The FONDex index, an indicator of the movements in the VPF system, rose by 1.5% on the quarter and came in at 2,788.61 at the end of June.
The funds had a total of 187,341 members in the accumulation phase, equal to 9.1% of the total number of employees in Serbia. The average age of the voluntary pension funds' clients was 46 years.
(1 euro = 118.348 dinars)