Birta’s investment strategy for the year 2023

29 December 2022

Birta’s investment policy for the year 2023 was approved by the fund’s board at the end of last November and will take effect on January 1, 2023. It is the policy of the mutual insurance department, private property department and the department on specified private property. The investment strategy is designed for the long term, but nevertheless it is reviewed annually by Birta’s board of directors, taking into account market conditions and major changes in the fund’s environment.

The main changes in the mutual insurance department’s policy between years include an increase in the percentage of domestic stocks, from 13.5% to 16.0%, and the percentage of specialized investments, from 8.0% to 9.5%. The latter asset category includes unregistered investments, both domestic and foreign, in units or shares of other collective investment funds. Against these increases, the percentage of foreign stocks decreases, from 31.0% to 29.0%, the percentage of mortgage-backed bonds, from 18.0% to 17.0%, and the percentage of deposits, from 2.0% to 1.0%. Changes in the policy of other asset classes of the policy as well as changes in the tolerances of individual asset classes were only minor between years.

The investment policies of the private property department and the department for specified private property are unchanged from year to year. Only minor changes were made to the tolerances of the two property classes of the mixed route, ie. of domestic stocks and specialized investments.

Source: Birta
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