Thursday, May 23 2019 19:16

ArmInfo. The 5th anniversary was  celebrated by the Amundi-ACBA- Asset-Management pension fund,  established in Armenia by ACBA-Credit Agricole Bank and French  company AMUNDI. According to the press service of Bank ACBA-Credit  Agricole, Amundi-ACBA- Asset-Management manages assets of more than  95 billion drams under the management of Amundi-  ACBA-Asset-Management.In connection with the 5th anniversary,  Amundi-ACBA-Asset-Management intends, with a three-year profit, to  send 40,000 euros for the implementation of cultural and educational  programs to the French University of Armenia and the TUMO Center for  Creative Technologies.Chief Executive Officer of the French company  AMUNDI, Bernard de Wit, said: "Armenia is the first country in the  region that adapted this system and initiated a similar approach in  pension reform. It was quite attractive, so we decided to get  involved in this process and ensure Armenia's exemplary status of the  country in pension reform plan. Other countries in the region have  shown interest in the Armenian accumulative pension system, and in  this context the country is becoming an example. 

This means that we are going in the right way. occurrence>.Director  of Amundi-ACBA-Asset- Management, Jean Mazejyan, in turn, stressed  that this reform allows for a decent life for the pensioner.  "This  is also a big economic event, since Armenia can have a stable pension  system," he added. <Changes in the accumulative pension system are  not only social, but also economic. This is very important in terms  of accumulating cash in the long term, which can be directed to the  implementation of investment programs in various sectors, "said Acob  Bank Director General of ACBA-Credit Agricole Hakob  Andreasyan.According to the source, Deputy Chairman of the Central  Bank of Armenia Nerses Yeritsyan and Extraordinary and  Plenipotentiary Ambassador of France to RA Jonathan Lakot were  present at the event.Note that in Armenia, within the framework of  the mandatory funded pension system, introduced from January 1, 2014,  there are two pension funds- Amundi-ACBA-Asset-Management CJSC (since  November 19, 2013) and Tse-Kvadrat Ampega Aset Management Armenia LLC  (from November 29, 2013). The shareholders of  Amundi-ACBA-Asset-Management are the French company Amundi - 51% and  ACBA-Credit Agricole Bank - 49%. The shareholders of Tse-Kvadrat  Ampega Aset Management Armenia LLC are the Austrian investment  company C-QUADRAT Investment AG - 74.9% and the German company Talanx  Asset Management GmbH - 25.1%. Pension account operators are HayPost,  ARARATBANK, Ardshinbank, Armbusinessbank, HSBC Bank Armenia,  INECOBANK, VTB Bank (Armenia) and Converse Bank.According to the  pension funds provided by ArmInfo, the total assets managed by the  Pension Fund of Armenia reached 147.2 billion drams by November 1,  2018, and their profitability in January-October increased from 44%  to 51%. 

In particular, at the reporting date, the total managed assets of  Amundi-ACBA-Asset-Management CJSC amounted to 75 billion drams.  Amundi-ACBA-Asset-Management's asset management structure for managed  funds is as follows: conservative - 72.2 billion drams (97% of the  total ), balanced - 1.7 billion drams (2%), sustainably profitable- 1  billion drams (1%). The breakdown by currency is dominated by AMD  investments: Amundi-ACBA-Asset-Management - 51.750 billion drams.  Then dollar investments follow: Amundi-ACBA-Asset-Management - 17.250  billion drams. Amundi-ACBA-Asset-Management has a volume of Euro  investments.- 6 billion drams. Amundi-ACBA-Asset-Management's  instruments are dominated by investments in government bonds - 24.750  billion drams. Amundi-ACBA-Asset- Management investments in corporate  bonds amounted to 4.5 billion drams. Amundi- ACBA-Asset- Management  invested 7.5 billion drams in bond funds (indices) and 12 billion  drams in equity funds. The return on assets by type of fund for  Amundi- ACBA-Asset-Management is as follows: balanced for 53.3% (from  the start up to 10/31/2018), conservative for 49.3%, for sustainably  profitable 47.9%.