Despite the difficult situation in the financial markets in 2018, JSC ‘Almaznaya Osen (Diamond Autumn)’ Private Pension Fund (PPF) has retained its leading position in the industry. According to the Bank of Russia data, published on the regulator's website, the fund ranked second among all PPFs in terms of the yield of pension savings in 2018.
The annual income received by the fund (minus the remuneration) for those who form a funded pension at the 'Almaznaya Osen' PPF JSC was 6.78% per annum. And the average yield (minus remuneration) for all PPFs in 2018 was 0.79% per annum.
For comparison: the return on the portfolio of 'silent' pension savings was 6.07%, and the level of last year’s inflation in Russia was 4.30%.
Director General of ‘Almaznaya Osen (Diamond Autumn)’ PPF JSC Vyacheslav Khmyrov:
“Indeed, last year was difficult for all PPFs. Due to the unfavorable situation on the securities market, half of the funds was lost (inflation) and even went into the red. In such circumstances, any fund is aimed primarily at the preservation of pension funds. We managed not only to save, but also to earn. Against the background of last year’s market indicators, the 'Almaznaya Osen' PPF takes a decent position.”
The rate of return on investment of funds is declared in accordance with the standards for disclosing information on investing pension savings funds approved by Order of the Ministry of Finance of the Russian Federation of August 22, 2005 No. 107n. Current results are not a guarantee of future results.