13 minutes agoTrust lost money from funds it invested mainly for the first time in them
Periskopi(4 years ago)
(4 years ago)The Russian aggression over Ukraine has had immediate impact on international markets. The crisis has also hit the Kosovo-Trust Pension Savings Fund as a result of investing this fund in international financial markets in Europe and the US. Trust officials have confirmed that as a consequence of this crisis on international financial markets, Trust [...]
The crisis has also hit the Kosovo-Trust Pension Savings Fund as a result of investing this fund in international financial markets in Europe and the US.
Trust officials have confirmed that as a consequence of this crisis on international financial markets, the Trust has suffered a 90m-euro decline, writes Periscopi.com.
Money is invested in several financial corporations. But which were hit that I called in losing Kosovo citizens' funds?
The Steering Board of the Kosovo Pension Savings Fund, at the extraordinary meeting on February 21, 2022, held due to markets' fluctuations from increased geopolitical risk, according to the Investment Commission recommendations, and with the aim of reducing investment risk, has made the decision to completely withdraw investments from funds that had already followed several losses:
Vanguard Real ETFstat
Industrial cancer Real Estate ETF
S&P 500 MinVol ETF
inShares M SCI EU MinVol ETF
Amundi M SCI EU Quality ETF
First Trust US Clear Energy ETF
inShares Global Clear Energy ETF
L&G eCommerce & ETF Logistics
First Trust Cyber Security ETF
Invesco Nasdaq QQE ETF.
In some of these funds, as Periscope has seen, the Trust had invested for the first time in 2022, and in some even earlier.
On that same day, the board has made a decision to sell the following investment funds part, to bring them to 0.1% of the total FKPK means:
Vanguard Global Stock Index Fund is reduced by 9.75m euros.
Schroeder Sustainable Growth Fund is reduced by 16.83m euros.
BNP Client Impact Fund is reduced by 14.43m euros.
AXA Digital Economy Fund is reduced by 17.89m euros.
Goldman Sachs Millennium Fund is reduced by 35.9m euros.
Disruptive Opportunities Utility reduced by the Fund 17.99m euros.
Rowe Price Global Tech Fund is reduced by 10.75m euros.
The attracting investments have been invested in several other funds, given the performance they are showing.
The Trust has closed 2021 in 2, 353, 174m euros, 911m euros, while on February 25th it has claimed to have 2, 286, 571, 013 euros. /Periscope. com
