September 30 (SeeNews) - The assets held by voluntary pension funds (VPFs) in Serbia increased to 42.1 billion dinars ($392 million/358.4 million euro) at the end of June from 41.6 billion dinars at the end of March, official data shows.
The largest part of VPF assets was invested in government securities - 79.9%, according to figures posted on the website of Serbia's central bank, NBS.
A much smaller portion of assets, 8.4%, was invested in company shares, while balances in custody accounts and bank time deposits made up 6.9%, the central bank said.
The FONDex index, an indicator of the movements in the VPF system, rose by 4.8% on the quarter and came in at 2,923.38 at the end of June.
The funds had a total of 197,525 members in the accumulation phase, equal to 9.4% of the total number of employees in Serbia. The average age of the voluntary pension funds' clients was 46 years.
(1 euro = 117.479 dinars)