Pension funds lost PLN 5bn in January

MG
05-02-2008, 14:11

Warsaw (Puls Biznesu) – The assets of  pension funds dropped by nearly PLN 5bn (EUR 1.4bn) for the highest decrease in  the history.

 

January bearish market did not only adversely affect stock investors but also future pensioners. Within one month, the assets of pension funds fell from PLN 140bn to PLN 134.6bn. The decrease of PLN 5.5bn was the highest in the history, analysts of Analizy Online company said.

 

In January, all WSE indices fell over 10 percent each. All pension funds had losses in January losing 4.34 percent on average. The assets managed by CU were mostly affected with PLN 1.6bn, or 4.38 percent decrease. Polsat was the least affected fund with 2.9 percent decrease.

(PLN 1 = EUR 0.280)

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Podpis: MG

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