Austria's Funds Showed a Plus in 2010

Businessn.a. ♦ Published: January 15, 2011; 00:39 ♦ (Vindobona)

2010 was another year of gains for Austrian funds: of 1601 funds, 1464, showed a positive performance.

Austria's Funds Showed a Plus in 2010 / Picture: ©

The Vereinigung Österreichischer Investmentgesellschaften (VÖIG, Association of Austrian Investment Companies) reported a very positive year for the industry. The performance achieved was on average 8.71%. However, the figures of 2009 could not be reached. In the first year of the recovery, the performance was 19.25%. This was due to the crash of 2008, in which the Austrian funds lost…