The Estonian Central Bank has been investing in exchange-traded equity funds since earlier this year to lower investment risks from being too centered on the euro area, Postimees reported, citing central bank officials.
The central bank expects equity investments to reach the planned threshold of between 5 percent and 10 percent of its total investment assets of about 350 million euros ($457 million) within five years, Janno Luurmees, the head of the bank’s financial markets department was cited as saying. The central bank has also started investing in non-euro area bond markets, officials were cited as saying.
To contact the reporter on this story: Ott Ummelas in Tallinn at firstname.lastname@example.org
To contact the editor responsible for this story: Balazs Penz at email@example.com