According to a statement from the Ministry of Labor, Solidarity, and Social Security, “the market value of the FEFSS portfolio amounted to 40.277 billion euros on June 30, 2025.”
This figure represents 13.9% of Portugal’s Gross Domestic Product (GDP) and covers 25.04 months of the 2024 expenditure on pensions under the contributory scheme, highlighted the Ministry.
The portfolio’s return is 0.86% (or 314 million euros) since the start of the year, also showing a positive year-on-year return of 5.21% (or 1.772 billion euros).
The annual change in the portfolio’s value as of June is positive by 4.398 billion euros, with contributions of 4.084 billion euros contributing to this increase.
The FEFSS consists of various sub-portfolios, with Portuguese public debt being the most representative, followed by public debt from other OECD countries, large-cap stocks, and a sub-portfolio of real estate, small-cap stocks, and corporate debt.
[News updated at 18:00]
