December 6 (SeeNews) - The assets held by voluntary pension funds (VPFs) in Serbia increased to 39.1 billion dinars ($375 million/330.9 million euro) at the end of September from 38.1 billion dinars at the end of June, official data shows.
The largest part of VPF assets was invested in government securities - 83.27%, according to figures posted on the website of Serbia's central bank, NBS.
A much smaller portion of assets, 8.55%, was invested in company shares, while balances in custody accounts and bank time deposits made up 5.18%, the central bank said.
The FONDex index, an indicator of the movements in the VPF system, rose by 1.3% on the quarter and came in at 2,825.54 at the end of September.
The funds had a total of 188,840 members in the accumulation phase, equal to 9.2% of the total number of employees in Serbia. The average age of the voluntary pension funds' clients was 46 years.
(1 euro = 118.151 dinars)