02/11/2011
By Ilonka Oudenampsen
Portuguese pension funds had an estimated return of 1.6 per cent in October, recording profitability of -0.5 per cent over 12 months, Mercer Portugal announced today. The results are based on estimates of profitability.
The trend of negative performance over the last four months was reversed in October, as the stock market saw the best monthly performance in the last nine years. Despite the positive performance of equities, fixed-rate bonds, which represent the largest share of pension funds’ portfolios, had a slightly negative performance.
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