Italy's Laborfonds returns -1.78%

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ITALY - Laborfonds, the pension fund for workers in the Trentino Alto Adige region, registered a negative return of -1.78% in the six months to June 2006, although it beat the benchmark return of -2.04%.

The value of the fund now stands at e12,281. This figure has grown from the e10,406 since the fund’s inception in 2000. The Laborfonds administrative council said by the end of the year, the fun...

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