OFE assets down 2.6% m/m in June

The net assets of the Polish open pension funds (OFE) amounted to PLN 158.08 billion in June, a 3.6 percent decline month-on-month, according to a report issued by researcher Analizy Online. In June the average rate of return was negative and stood at -2.4%. The decline in stock exchange lasting since the end of January (with a break in April) affected the results. All OFEs ended H1 with loss of an average 10.6 percent, the report stated.