Systemic risk assessment of Lithuanian second-pillar pension funds through connectedness and spillover

Kabašinskas, Audrius

doi:10.1186/s13362-024-00144-x

Journal of Mathematics in Industry

Table 1 Size of PF in Jan 2019 and Sep 2022, and investment strategy into stocks

From: Systemic risk assessment of Lithuanian second-pillar pension funds through connectedness and spillover

Fund	January 2019			September 2022			Manager	Market share (%)
Fund	Number of participants	Net assets, mln EUR	Share of stocks*	Number of participants	Net assets, mln EUR	Share of stocks**	Manager	Market share (%)
Allianz_54.60	612	1.91	31	12,438	54.49	15	Allianz Lietuva gyvybės draudimas UAB	14.41
Allianz_61.67	1275	3.65	53	38,793	168.25	45
Allianz_68.74	1382	3.22	93	40,347	177.87	80
Allianz_75.81	1408	2.86	100	40,494	160.22	90
Allianz_82.88	1546	1.94	100	48,274	126.62	90
Allianz_89.95	1160	0.79	100	34,038	70.00	90
Allianz_96.02	611	0.14	100	20,023	18.84	90
Allianz_T	148	0.47	10	4628	13.52	10
INVL_54.60	7200	27.93	25	4131	21.19	10	UAB “INVL Asset Management”	13.98
INVL_61.67	17,798	72.44	66	17,910	101.28	38
INVL_68.74	21,688	95.67	100	23,492	157.88	74
INVL_75.81	23,944	101.24	100	28,070	186.80	97
INVL_82.88	36,344	83.90	100	44,285	176.77	97
INVL_89.95	24,992	32.40	100	36,581	94.98	97
INVL_96.02	4946	2.75	100	18,815	19.66	97
INVL_T	372	1.27	27	1608	7.30	17
Luminor_54.60	199	0.71	35	5363	22.54	10	Luminor investicijų valdymas UAB	7.64
Luminor_61.67	293	1.11	70	17,129	78.69	45
Luminor_68.74	351	1.04	100	18,812	95.80	80
Luminor_75.81	353	1.04	100	20,269	95.14	90
Luminor_82.88	485	0.89	100	26,046	77.90	90
Luminor_89.95	441	0.37	100	18,486	36.44	90
Luminor_96.02	229	0.08	100	13,479	7.21	90
Luminor_T	38	0.17	20	1847	5.20	10
SEB_54.60	639	2.02	32	13,978	68.55	18.5	UAB “SEB investicijų valdymas”	25.95
SEB_61.67	1567	4.78	69	47,044	251.42	44.4
SEB_68.74	1694	5.10	100	53,507	323.68	78
SEB_75.81	1847	5.00	100	62,549	353.32	98
SEB_82.88	2451	3.97	100	73,060	266.86	98
SEB_89.95	2156	1.92	100	45,505	110.80	98
SEB_96.02	817	0.45	100	20,744	23.01	98
SEB_T	52	0.30	25	5810	24.38	15
Swedbank_54.60	1281	9.31	35	21,827	97.52	15	UAB “Swedbank investicijų valdymas”	38.02
Swedbank_61.67	7474	4.23	70	84,743	373.20	45
Swedbank_68.74	9487	23.48	100	95,662	472.99	80
Swedbank_75.81	9281	28.75	100	97,802	458.23	97
Swedbank_82.88	10,715	25.08	100	110,147	357.80	97
Swedbank_89.95	13,185	17.93	100	93,286	236.73	97
Swedbank_96.02	8748	9.01	100	45,407	55.21	97
Swedbank_T	127	38.87	25	5190	31.56	15

* up to %.
** may deviate by 10%.
Note. See Table 8 for full original names of funds and managing companies.

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