Pension funds record results hit average 38% rate of return

Pension funds have noted their best ever financial results over the last two years, the Insurance and Pension Funds Supervisory Commission (KNUiFE) revealed yesterday. The weighted average 24-months rate of return for the whole market, calculated by the insurance watchdog every quarter, reached 38.8%. The outstanding figure is due to the ongoing boom on the bonds market and revival of the stock exchange which began in the spring. Pension fund managers maintain that the climate on the stock market will determine the possibility of maintaining such results in the future. "However, with treasury bonds making 60% of the portfolio, two-year returns on the investment in shares would have to reach 100% to make the overall 38% growth sustainable," said Paweł Homiński from OFE Dom. (Parkiet, p. 8) M.K.