Pension Funds with Negative Performance in 2011

Business › n.a. ♦ Published: July 13, 2011; 11:56 ♦ (Vindobona)

At the end of June, the funds registered a minus of 1.2%, after -0.7% in the first quarter. Assets under management amount to € 15bn.

Pension Funds with Negative Performance in 2011 / Picture: © Vindobona.org

The Austrian pension funds recorded a negative development in the first half of 2011. Their average performance was -1.2% as reported by the Association of Austrian Occupational Pensionfunds. The proportion of shares has been reduced to 25%, after 35% during 2010 and 32.2% at the beginning of 2011. Customers are not immediately affected by the development as the calculation of pension…

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