15 Jul Annual Report 2021
Credins Invest has published the summary annual report which presents the performance of the funds throughout this year. The report provides an overview of the activities carried out during the year, social responsibility, the progress of the company’s activity and the challenges ahead.
Important message of the General Administrator:
“Credins Pension” Fund and “Credins Premium” investment fund had an increase in the net value of their assets during 2021, provided positive and satisfactory returns, and maintained their position in the market of voluntary pension funds and that of investment funds.
We confidently say that despite the extraordinary situation of the global pandemic in 2020 – 2021, we have managed to keep the investment fund portfolio at stable levels, offering constant consultancy to investors who have remained loyal to us and shown patience by continuing their investment.
By the end of 2021, a trend of increasing interest rates has started. The increase of the interest rate to pre-pandemic levels of 1%, was reflected faster than expected in the level of interest rates on government securities. Funds invested in government bonds, due to the increase in the interest rates of these instruments in the entire range of maturities, have caused decrease in the price of the quota.
Investors should be patient in such periods, and see the benefit in the long term. Ongoing financial advice, transparency and periodic macro and fund-level performance information are all available to our investors.”
To read the full report, browse the Annual Report below: