OFE net assets value fell by 1%

The net assets of the Polish private pension funds (OFE) amounted to some PLN 159.62 billion at the end of May, a decrease of 1.01 percent month-on-month, according to a report issued by Analizy Online. It has been the first decline since the beginning of the year. “The recent WSE downturn had a negative effect on OFE fund results," the report read. The financial transfer from the Social Insurance Institution (ZUS) to the OFE funds stood at PLN 193.5 million, the lowest figure in the history of OFE. In turn, the funds transfered PLN 361.6 million to ZUS.