Portuguese funds post positive return for Q4 2002

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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.

In the consultants’ latest survey of Portugal’s pension fund industry, Q4 2002 was only outpaced by 2001’s last quarter (+3.9%) since the start of the bear market. This result was, however, insu...

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