Portugal

PORTUGAL - Portuguese pension funds returned an average result of negative 0.9% for September.

PORTUGAL - Portuguese pension funds achieved a median return of 0.2% during the second quarter of 2004 with the best-performing portfolios being Euro equities and property.

PORTUGAL - The IMF has said that the Portuguese pension system remains fundamentally unsustainable, despite earlier pension reforms and to stabilise the system, pension benefits may have to be reduced.

PORTUGAL - Banco Espirito Santo (BES) has joined BondVision as the first Portuguese dealer to join the web-based trading platform.

PORTUGAL - Portuguese pension funds achieved a 4.6% median return during the second quarter, according to new data from Mercer Investment Consulting, Portugal.

PORTUGAL - MTS Portugal has launched a new segment for the trading of Portuguese Treasury bills as overall fixed income investment by the country's pension funds continues to rise.

PORTUGAL - The property market outperformed all other asset classes in Portugal in 2002 with a total return of 13.5%.

PORTUGAL - Portuguese pension funds produced a positive return (+2.1%) in the final quarter of 2002 and indeed the best quarter during 2002, according to Watson Wyatt.

PORTUGAL - Portuguese pension fund performance continued to nosedive during the third quarter.

PORTUGAL - Portuguese pension funds crumpled for the second quarter this year, according to the latest data from consultants Watson Wyatt.