Pension Funds Witness First Losses Since Establishment In 2008

10.04.2011 By Roxana Pricop , Andrei Chirileasa

The privately managed mandatory pension funds (pillar II) experienced for the first time the anxiety of extensive stock market corrections, watching declines of over 20% in Bucharest, Warsaw, Athens and Frankfurt cause them millions of euros in losses and the first drop in fund units.

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Keywords:
PENSION FUNDS
, PILLAR II
, MANDATORY
, STOCK MARKET