Swiss funds average in the black thanks to equity rally

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SWITZERLAND - Swiss pension funds posted a median return of 4.5% during the first six months of 2003, buoyed by the first positive half-year results from equity markets since 1999.

According to the latest figures from ASIP (Swiss Association of Pension Funds) and Watson Wyatt, small and large funds showed similar performances. Over 600 pension fund mandates with a total valu...

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