Portugal

PORTUGAL - Portugeuse pension funds posted positive returns for August, with the main contributions from equities.

PORTUGAL - Portuguese pension funds are expected to post positive returns in July, returning an average of 0.7%, despite negative sentiment as a result of various terrorist attacks and volatile oil prices.

PORTUGAL - A broad recovery in equity markets buoyed Portuguese pension funds in May with an expected average return of 1.5%, says Watson Wyatt.

PORTUGAL - Portuguese pension funds are expected to return 0.1% in March, dragged down by poor returns from European equities.

PORTUGAL - Portuguese pension funds returned negative 0.1% for February on the back of poor results in fixed rate securities and Portuguese equities, according to Watson Wyatt.

PORTUGAL - Portuguese pension funds posted a return of 1.7% in January 2005 on the back of a robust performance from the Portuguese equities market which returned 5.5% during the month, its highest since November 2001.

PORTUGAL - Portuguese equities posted a return of 5.5% in January, their best performance since November 2001, according to Watson Wyatt.

PORTUGAL - Portuguese pension funds are expected to produce a return of 7.4% for 2004, according to estimates from Watson Wyatt.

PORTUGAL- Pension funds posted a median return of 0.8% during the third quarter, or a weighted average return of 1.2%, according to Watson Wyatt. Year to date returns for pension funds has been 3.2% median and 4.9% weighted.

PORTUGAL - Portuguese pension funds returned 0.8% in October, boosted by strong performance by the European equities portfolio.