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%.