Elektrim slump hits several funds

Alan Heath
19-12-2001, 00:00

Most pension funds will today deny possessing Elektrim shares following last weekís disaster for the company which saw its market price halved. Nonetheless at least half of the funds have Elektrim stock although most appear to have less than one percent of their bourse managed funds in these shares. The average holding for a pension fund at the end of last month was around PLN270m which would mean a loss of PLN1.35m last week. The AIG, Kredyt Bank, Zurich and Sampo funds all refused to comment on what they intend to do with Elektrim shares in their possession.

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