What proportion of pension reserves may be invested in mutual funds?
According to the law, up to 20% of pension reserves may be invested in mutual funds of any one company.

What advantages does investing pension reserves in mutual funds have over investing them in managed accounts?
The main advantage is that an investor can contribute relatively little cash yet enjoy all the benefits of professional asset management. Moreover, funds spread risk by investing in a diverse range of securities, are fully transparent and are subject to strict state regulation. Managed accounts require substantially higher minimum investments. However, they offer individual strategies and enable the timeframe of pension payouts to be taken into account.

Are funds from non-state pension companies managed collectively?
Yes.

Are the restrictions on investment by non-state pension funds taken into account during the asset management process?
Yes. The money is managed in accordance with the investment declaration. Designed specially for non-state pension companies, our Druzhina fund meets all requirements relating to inspection, especially regarding the asset structure and the commission.