Icelandic funds feel the chill

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ICELAND - The real returns of Icelandic pension funds are expected to be as low as 0% to 1% for 2007 because of poor performing domestic equities, but experts remain unconcerned about the long term health of the funds.

Although Hrafn Magnœsson, managing director of The Icelandic Pension Fund Association, said it was too early to estimate the 2007 real return of pension funds, the country's second largest pension ...

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