Coronavius loses 8.5 million euros to the Trust in one day

The gap caused by the COVID-19 virus has already created an extremely serious crisis for global financial markets. The crisis is also affecting the money of Kosovo taxpayers being preserved at the Kosovo Pension Savings Fund. The effects of pandemic have reflected on global financial markets.

The Kosovo Pension Savings Fund (FKPK), which is under management of mandatory pension contributions (and voluntary) employees to Kosovo, is undergoing a decline in money investments outside Kosovo, writes news. On March 30th 2020, the Trust declared it has 1,904,429,229 euros. Just a day later, on April 1st, the Trust has declared it has 1,895,829,608 euros under management. So within a day, this institution had a huge loss from the return of investments worth 8, 599, 621 euros.

The Trust had closed 2019 with a total of tools under management 1,966,956,583 euros. For four months, investment losses have been 71, 126, 975 euros. The FKPK for 2019 has achieved a positive focus on investments of 8.9%, while maintaining low swings. The gross return amounted to about +161m euros in total, thus being of the highest nominal value ever. /EconomiaOnline/