Statistics on Pension Funds: Q1 2024
14/06/2024 - Press Releases
- Total assets of pension funds increased by 3.8% to €2,279 million from €2,196 million in the previous quarter.
Total assets of compulsory and non-compulsory occupational pension funds (‘pension funds’) increased by €83 million compared with the previous quarter and stood at €2,279 million in the first quarter of 2024.
In further detail, the overall deposits of pension funds remained almost unchanged at €65 million at the end of the first quarter of 2024. Deposits’ share in total assets stood at 2.8%. Total holdings of debt securities depicted a small increase of €5 million and stood at €1,061 million in the first quarter of 2024, as net purchases of domestic securities were counter-balanced by net sales of foreign securities. Debt securities’ share decreased to 46.5% of total assets at the end of the first quarter of 2024 compared with 48.1 % in the previous quarter.
Total holdings of investment fund shares increased to €728 million compared to €681 million in the previous quarter. Their share in total assets increased to 32.0% compared with 31.0% in the previous quarter. The increase of these holdings is mainly due to an increase in the prices of both other euro area and domestic investment fund shares.
Equity holdings increased to €379 million in the first quarter of 2024 compared with €334 million in the previous quarter, mainly due to an increase in the prices of foreign shares. The share of equity in total assets increased to 16.6% compared with 15.2% in the previous quarter.
Table 1: Balance Sheet of Pension Funds (EUR millions at the end of the period)
Table 2: Net flows of investments of Pension Funds (EUR millions)
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Related information:
The next Press Release on “Statistics on Pension Funds” for the second quarter of 2024 will be published on 11 September 2024, according to the Advance release calendar on the Bank of Greece website.