Unfavorable financial market conditions resulted in 17 of the 19 second pension pillar funds losing money in 2018. Share and index funds posted negative yields of -3% to
-14%. Four of six bond funds were also in the red, and the other two funds were just above zero. In 2014-18, index funds performed the best (an overall yield of 24-38%), but fewer than 10% of clients opted for them. The vast majority of clients are in bond funds that posted yields of just 2-11% (overall inflation stood at 3% over this period). The second pension pillar funds have €8.1bn under management.