Italian supplementary funds post positive 1H returns

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ITALY - Supplementary Italian pension funds registered positive returns for the first half, reported COVIP the Italian pensions supervisory body.

Fondi negoziali, sector-wide closed funds, performed better than the open funds, returning 2.3% and 2% respectively. By June 2003, 2.5m workers had joined supplementary schemes. Some 1.37m It...

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