CZECH REPUBLIC - Czech pension funds' profits fell from CZK3.5bn (US$176.4m) to CZK2.2bn (US$110.8m) year-on-year in the January-September period, according to data released by the National Association of Pension Funds (APF).
APF's president Jiri Rusnok told Global Pensions: "Profits decreased for two main reasons: one is the poor performance of equities, while the second one is the volatility in the fixed income market...
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