Record real returns for Hungarian funds in 2002

clock •

HUNGARY - Hungarian pension funds achieved up to nine times the real return rate in 2002 compared with previous year, according to preliminary data from Mercer Human Resource Consulting.

Currently, the largest portion of the funds is invested in domestic bonds, typically around 90%. For 2001, the latest year for which figures are available, three funds - Erste, Allianz Hungaria an...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Hungary

Hungary

Hungary to cancel $7.5bn of bonds after pensions takeover

HUNGARY - Hungary will cancel about 1.5trn forint ($7.5bn) of bonds after taking over the assets of privately managed pension funds to "immediately" cut indebtedness, according to the Debt Management Agency.

Andras Gergely at Bloomberg News
clock 22 February 2011 •
Hungary

Hungary pension changes were 'negative,' - Moody's

HUNGARY - Hungary's decision to bring the majority of private-pension savings under state control was "credit negative" and a key factor behind downgrading the country's debt rating, Moody's Investor Service said.

Balazs Penz and Agnes Lovasz at Bloomberg News
clock 16 February 2011 •
Hungary

CEE Stock Exchange sees slump in Budapest trading on pensions

EUROPE - The CEE Stock Exchange Group, which includes bourses in Vienna, Budapest, Prague and Ljubljana, said trading volumes may drop this year in the Hungarian capital following the nationalisation of private pension funds.

Bloomberg News
clock 04 February 2011 •
Trustpilot