The restructuring of the Assets of the Fund to include also other investment classes is expected to yield benefits in long term, since it is expected to lead to the increase of the returns without assuming a significant investment risk. This is due to the fact that according to the Investment Strategy of the Fund the same will be benefited also by the inclusion of investments in Shares, Governmental and Corporate Securities and Immovable Property which in the past they have yielded significantly increased returns in relation with cash. Based on this differentiation, the returns are expected to increase to 5.93%, as this is imposed by the investment policy targets of the Fund. At the same time, the fact that only a very small part of the portfolio will be invested in shares (15%) means that the investment risk will be particularly law.

By adopting the suggestion to include investments in shares of USA, Europe, America, Asia, Greece and Cyprus, it is estimated that the Fund will be benefited by the important increased returns offered by such investments. The fact that only a small part of the assets is intended for such kind of investments means also that no extreme risk will be assumed. Historically, the investments in shares world wide ( during the last 100 years) present returns exceeding the 9% annually and the fact that the Fund constitutes a long term investor reduces significantly the risk contained in their short term fluctuations.

We consider imperative to include also in the investments of the Fund governmental and corporate securities of other countries which bear the advantage of increased returns in long term compared to cash without entailing any significantly high levels of investment risk.

Finally, the inclusion also in the portfolio of the Fund of other alternative investments related mainly to land investments, immovable property etc, contains the advantage of high returns which are not being affected by the fluctuations of the rates of other classes such as shares, cash and securities. However, we have restricted the percentage to be invested in such kind of investments to 15% as such investments present low levels of liquidity.

As a conclusion, we mention that the Investment Strategy of the Fund will turn out to be profitable for the members in long term, since such investments provide the option of maximizing the returns in long term without assuming a great risk. By maintaining the existing structure in the Portfolio of the Fund, most of the assets of which are kept in cash, it risks its long term returns to be substantially reduced in case that the interest rates will be reduced.

Furthermore, by adopting the Investment Strategy the benefits of the members and the value of the Fund are particularly influenced. On a long term basis, the positive influence resulting from the improvement of the annual return from 4,3% to 5,8% will be 17% within the next 10 years and 25% within the next 15 years, based on actual rhythms, excluding inflation.