Conservative Approach to Silver Fund
The Government has adopted a long-term Investment Policy of the State Fund for Guaranteeing the Stability of the State Pension System /the so-called Silver Fund/ and a mid-term Strategy for Investment of the Fund’s Money for the period 2017 – 2019. Both documents envisage the preserving of the conservative approach, implemented so far – the assets of the fund to be managed in compliance with the principles of reliability, liquidity and transparency. The current market conditions do not suggest high yield at the desired low levels of investment risk. That is why the best alternative for the investing of the fund’s money /accumulated in the period 2006 – end-July 2016 and worth 1.34 billion euros will continue to be in the form of a deposit in the Central Bank or other instruments, offered by it.
BNR