Estonia, Financial Services, Funds, Investments
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Friday, 26.04.2024, 10:38
Estonian investment fund assets grew by record rate at end-June
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According to the Financial Supervision Authority data, the fund sector growth was led by continued growth in mandatory pension funds, whose assets rose by 247 million euros in the first half of the year. The growth was supported by events in financial markets and stable payments.
6,859 people joined the mandatory pension funds in the first half of the year, while the number of unit holders decreased by 9,034.
Since people who have joined the savings pension system can have holdings in several different pension funds, the decrease in the number of unit holders refers to division of pension savings between a smaller number of pension funds.
Among other fund types, in the first half of the year, real-estate funds grew fastest, where the assets grew by 33%, or 47 million euros.
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