Monthly yield of open pension funds up by zl. 850 million on April

The monthly yield of Open Pension Funds (OFEs) was 1.77% in May, - an improvement of 0.67% over April. AIG, as the fourth fund, decided to invest abroad in May. All OFEs recorded a positive yield in May with the best results achieved by the funds of Polsat, Dom and Zurich. The worst results were observed by OFEs: Skarbiec-Emerytura, Sampo and Pekao. "Our results were influenced by a good allocation of shares and bonds and the selection of shares in our portfolio. We stuck to our strategy which brought good results," remarked Jaroslaw Kalinowski, investment director of Zurich PTE. The average change of an OFE unit from the beginning of the year to the end of May was 7.35%. The best results in this period were achieved by the Bankowy fund and ING NN, while the funds of Pekao and Kredyt Bank were least fortunate. The assets of OFEs were zl. 24.34 billion at the end of May - zl. 850 million higher than in April. (Puls Biznesu, p. 6) P.W.