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Second pension pillar lost money last year

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.

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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