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Georgia’s Pension Agency exceeds GEL 5.7 billion in assets

by Mariam Razmadze
October 11, 2024
in Business & Economy, News
Reading Time: 1 min read
Georgia’s Pension Agency exceeds GEL 5.7 billion in assets

Photo: Civil Georgia.

Georgia’s Pension Agency reports that the country’s pension assets have exceeded GEL 5.7 billion, marking a whopping GEL 1.3 billion in profits.

Since the agency came up with three different investment portfolios- dynamic, balanced, and conservative- with dynamic being the top performer, the agency says it saw a real growth rate of 16.9% between August 6, 2023, and September 30, 2024.

Comparatively, the balanced and conservative portfolios recorded returns of 15.12% and 12.64%, in that order.

The principal differentiation among portfolios is based on their assignments to global stocks:

The dynamic portfolio: 53% in shares;

The balanced portfolio: 32% in shares;

The conservative portfolio: 18% in shares.

Tags: Georgia's Pension Agency
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