Spanish pension funds post returns of 2.3% for Q12004

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SPAIN - Spanish pension funds registered an average return of 2.3% for the first quarter of 2004 as compared to 8.1% for the entire year 2003.

Xavier Bellavista, a consultant at Mercer said: “This 2.3% median return for Q1 2004 is basically as a of consequence of existing market conditions, and the main reason for this return is the inves...

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