Belgian returns near 10% in 2003

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EUROPE - Belgian pension funds produced an average weighted return of 9.87% in 2003, according to a sample survey from the Belgian Association of Pension Funds (ABIP).

This compares with a return of -11.92% for 2002.The survey looked at results from 30 funds worth a total of nearly R5bn, around 45% of the whole sector. On average funds had an asset allocation ...

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