Second pension pillar again failed most of its clients

The second pension pillar again failed most of its clients this year. Of its 1.68m clients, 69% put money in bond funds that lost 0.08% to 4% this year. Funds administered by pension managers again failed to beat the market and posted yields of 10-20%. A typical case is the equity fund 365.life, a top performer last year (16.5%), that lost 12% this year. Low-cost index funds brought clients yields of over 20% this year.

(sme.sk)