Property of "Voluntary Pension Fund Dunav" worth more than 1.4 billion RSD

One year after it was transformed from an insurance company into pension fund, "Voluntary Pension Fund Dunav” has 83,437 members who own 97,000 shares and net value of the Fund’s property is 1.49 billion RSD.

Mirjana Grbović, the CEO of that Fund, pointed out that total of 40,000 new members had been registered in 2007 and 11,000 in 2008. Total of 92% of members of the Fund are employees whose allowances are paid by their employers.

As Ivan Batinica, the portfolio manager of voluntary pension fund management company Dunav, pointed out, the value of investment unit of this Fund ranged between 984 and 1,035 RSD. Stock Exchange index “Belex 15” had negative influence on value of investment unit because its value has been decreased by about 40% since this Fund started with operations.

As far as Fund’s portfolio is concerned, 34.5% of assets are in foreign currency, and the major share belongs to the old foreign currency saving bonds.