Investment strategy

Investment strategy

Investment Strategy is the basic document which defines the policy of investing the assets of the Open ended voluntary pension fund Sava Pension Plus managed by Sava Pension Company a.d. Skopje.

The mission of the Company concerning the management of the assets of the fund is aimed at achieving an adequate long-term yield on assets of the fund primarily taking into account the essential role of the voluntary fully funded pension insurance, the rate of increase in the cost of living and other basic system parameters of pension insurance.

To achieve the mission in the long term, the Company sets the projected nominal annual yield of 5%. Given the actuarial projection for annual inflation over a defined time horizon of 1.86% (Assessment of Consumer Prices Index - icpi from July 2016), the projected annual real yield is 3.08%. The projected nominal and real yields are based on certain assumptions and expectations the validity of which is reviewed annually and may be changed in order to realize the mission in the long run.