Negative Performance at Pension Funds

Businessn.a. ♦ Published: December 7, 2011; 17:29 ♦ (Vindobona)

Assets under management were down by 2.3%. The average performance was -2.8%.

Negative Performance at Pension Funds / Picture: ©

By 30 September 2011, the volume of assets under management of Austrian pension funds amounts to € 14.5bn, which is a decline by 2.3% against the previous year´s key date. This is reported by the Financial Market Authority. However, funds which are provided by company pension plans, increased by 2.1% to € 490.6m. All pension funds together had to record a negative result – the…