Smaller pension funds invest more in stocks, but still behind larger rivals
Pension funds increased their involvement on the Warsaw Stock Exchange (WSE)
and in May invested around zl. 200 million in shares. In April, they i
nvested about zl. 350 million, despite a drop on the WIG20 index, while in
March they invested zl. 400 million. The assets of pension funds last month
amounted to zl. 24.3 billion and were zl. 850 million greater than at the
end of April when purchases on the WSE were mostly made by small and medium
sized pension funds that had earlier purchased fewer shares than their
larger competitors, such as Commercial Union, ING Nationale-Nederlanden and
State Insurance Company (PZU). (Parkiet, p. 8) M.T.
