Swiss funds post negative returns in Q2 2004

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SWITZERLAND - Swiss pension funds have seen a decline in returns for the second quarter with portfolios returning -1.1%, according to research by the performance measurement company InterSec.

The company found that the pension funds had underperformed the InterSec Balanced Benchmark (IBB) at –1%. The Pictet BVG/LPP index for Q2 2004 returned –1.4%. Peter Leutenegger of InterSec Switzer...

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