According to Trust, the loss of 85m euros is not disturbing

The Kosovo Pension Savings Fund has completed the year 2018 with over 85m euros in losses. Valdrin Kasumaj, a member of the Trust Board, said that in 2017 Trus has had a positive return from the investment value of about 6.5 percent, “between us and 2018 we have had a satisfactory return, we have -5.2 percent. We have [...]
Valdrin Kasumaj, a member of the Trust Board, said that in 2017 Trus has had a positive return from the investment value of about 6.5 percent, “between us and 2018 we have had a satisfactory return, we have -5.2 percent. We're dealing with asset depreciation. There's no room for trouble”
“While at this start, we have over 40m euros in positive returns from the investment value”, Kasumaj said.
Flamur Keqa, former board member at the Trust and economy connoisseur, says the idea of founding the Trust has been preserving people's savings and increasing these savings through investments.
The Trust also has the investment manual, and it is performed on the basis of written documents and on the basis of international standards and regulation of the CEC. The idea is to maintain value, or maximize investment value. From the foundation, Trust has increased the value of these tools. Time-by-time there was a decline in Trust value, as it was in 2018. The 2008-09 financial and economic crisis, at the time, Trust has performed badly and there has been a depreciation of means. But it's all recovered. By 2009-2010, a positive trend has been initiated, and this trend has lasted the most in the world”, Keqa said, stressing that a decline has been expected behind this trend.
According to him, the Trust could be worth 1 billion euros this year.
The reasons for lowering the value, according to Keqa, are the formation of international financial markets, where macroeconomic factors, unemployment, interest, GDP, etc., then political aspect, but “I don't rule out that the main reasoning is just the performance of international markets”.
“Trust has a good market behavior framework that shows where the means should be invested. In stocks, in the notebooks, you keep them in cash or mixed funds, which are the combination of these other instruments. Besides, do you want to invest in American, European markets... The Trust Board, based on this framework, had to provide optimistic investment. I can't say it's a good way, when we have a loss of 80 million euros”, Keqa said in Puls of KTV.
Trust director Agron Krasniqi said investment policies are the same as they have been before.
No risky investments have been made. About 80 percent of assets have been invested in global markets. Financial markets operate as a result of perceptions more than expressing the real situation. Nine years from now, it's been to devalue assets. Last year's worst performance has been the last three months. It was the US-Kia trade war of other major cases in the world that have affected the decline of”, Krasniqi said.
According to him, the average age of taxpayers is 41 and these are out of retirement, and this loss does not affect much contribution.
MP Arberie Nagavci, a member of the Commission for Business and Finance, has said this is the biggest loss since the global crisis.












