VEB secures 37.273 bln rubles in revenue from pensions in expanded portfolio in 9 mths
MOSCOW. Oct 14 (Interfax) - Revenue from the investment of Russian citizens' pension savings under the management of state corporation Vnesheconombank (VEB) in the framework of its expanded portfolio came to 37.273 billion rubles for January-September 2011, including 11.188 billion rubles in revenue for the third quarter.
Revenue from the expanded portfolio came to 39.143 billion rubles for January-September 2010.
The value of net assets in the expanded portfolio came to 1.191 trillion rubles on September 30, 2011, up 136.56 billion rubles, or 12.9%, for the quarter.
The increase in net assets for the first nine months came to 453.956 billion rubles, or 61.5%, from 737.544 billion rubles at the start of the year.
Revenue from the investment of Russian citizens' pension savings in the State Securities Portfolio (VEB's conservative portfolio) came to 128.1 million rubles in January-September 2011, including 17.6 million rubles in the third quarter.
For comparison: in the first nine months of 2011 this figure came to 95.5 million rubles and the whole of 2010 - 112.8 million rubles.
The value of net assets in the State Securities Portfolio increased by 12.6% to 4.597 billion rubles in the third quarter and January-September 2011 - 91.8%, from 2.397 billion rubles at the start of the year.
At the start of the fourth quarter of 2011, VEB had 1.196 trillion rubles in pension savings under its management.
VEB has formed two investment portfolios since November 1, 2009 depending on the type of investment instrument: expanded (less conservative, including "low profile" funds) and the State Securities Portfolio (more conservative portfolio).