Bearish WSE pushes investment and pension funds’ losses to nearly zl.1 bn

Pension and investment funds listed on the Warsaw Stock Exchange have plummeted in value over the last two months, in most cases recording losses far greater than profits earned during the entire year of 2000. Analysts estimate since the beginning of the year investment funds have lost some zl.300 million, while losses of pension funds now reach up to zl.700 million due to share price depreciation. Hit hardest was hi-tech sector fund Skarbiec-Net, whose portfolio has shrunk 30% in value. Among those least touched by the dire situation is Korona Prywatyzacji with a loss of 9.5% since the end of December 2000. The drop in funds’ values vary from 11% to 22.5%, while during the same period the WIG index lost 20%. (Parkiet, pp.1,2) J.K.