Commercial Union at the head of the pension fund pack

After the first quarter, PTE pensions funds generated a record net profit of zł. 32 million. To compare, in the same period of 2002, this sector had a loss of zł. 8.72 million. Whereas nine funds were in the black, the profit of four largest ones amounted to more than zł. 31 million. The largest fund, Commercial Union recorded a profit of zł. 13.36 million. The losses of the remaining seven funds ranged up to around zł. 1 million. The largest loss of zł. 4.44 million was incurred by PTE Skarbiec-Emerytura. (Puls Biznesu, p. 7) A.Z.