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Pension funds' Investments and Performance
4th Quarter, 2024
The AUM of Balanced (AMBAL), Conservative (AMCON) and Fixed Income (AMFIX) funds amounted more than 565 billion AMD as of December 31, 2024, more than 121 billion AMD of which, about 21%, was generated from the income.
The investments in Armenia and abroad include different asset classes, such as local government and corporate bonds, foreign bonds and equity ETFs and mutual funds, bank deposits, etc.
Since the inception, the annualized performance of Balanced, Conservative and Fixed income funds was in the range of 7.2% - 7.8%, depending on the type of fund as of December 30, 2024.
In Q4 2024, the funds’ performance was positive due to the local corporate bonds, foreign equity (US, Japan) as well as European corporate bonds.
