Swiss pension funds break through four negative quarters

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SWITZERLAND - Pension funds in Switzerland returned on average 7% for the second quarter of the year, up from -2.7% in the first quarter, according to a report from InterSec Research.

The Swiss trend mirrors that of Belgium, where pension funds also indicated positive returns for the first six months of the year, recovering from record negative returns for 2002 of -12%. “We k...

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