Management policy
In all its business activities, Kapitalska družba, d. d., seeks to strengthen its position as a portfolio investor and pension funds managing company. To hedge against risks and to maximise the profitability of assets, the company has been increasingly becoming involved in the global market.
In core assets management, the activities of Kapitalska družba, d. d., are aimed at decreasing the number and scope of non-market and market investments. Efforts have been stepped up to divest our portfolio by means of public calls for tenders and the interest expressed by potential buyers. In divesting, the goal is to get the highest possible price, which, in turn, allows us to achieve optimal efficiency of assets management. By successfully pursuing the policy of disposal of investments from the company’s core portfolio and through efficient management of all investment portfolios, Kapitalska družba, d. d., has been able to significantly increase the value of core assets and, concurrently, provide funds needed to co-finance compulsory pension insurance.
The assets acquired from the disposal of investments allow for improved flexibility in asset management and the redistribution of assets from domestic equity investment to foreign equity investments, debt securities and other money market instruments. Our policy is to invest internationally and take advantage of favourable investment opportunities on European, American, Asian and emerging markets.
Structure of investments
The portfolio of Kapitalska družba comprises different investments in equity and debt securities. From the perspective of time, these are divided into short-term and long-term financial investments that make up the short-term trading portfolio with original maturity of up to one year.
The long-term equity portfolio is comprised of shares in companies which are traded at the Ljubljana Stock Exchange, shares in companies which are traded with on a non-exchange (unorganised) market, shares in limited liability companies and shares issued by foreign entities, which are traded on different foreign securities exchanges.
The debit part of assets is comprised of the Republic of Slovenia bonds, bonds issued by domestic commercial banks and companies, certificates of deposit, treasury bills of the Ministry of Finance of the Republic of Slovenia, bank deposits and debt securities issued by foreign entities.
The short-term trading portfolio has been set up to create capital gains based on daily trading with liquid securities. The portfolio is mostly comprised of shares which are traded at the Ljubljana Stock Exchange and shares issued by foreign entities, which are traded on different foreign securities exchanges.