mast image

Special Report

Impact investing

Sections

Hungarian pension funds return over 20%

Related images

  • Hungarian pension funds return over 20%

Related Categories

HUNGARY - Hungarian mandatory pension funds have made up for the losses suffered in 2008 by returning 21.3% on average over the past 12 months.

Figures for the OTP, ING and Generali pension funds - OTP and ING being the two largest pension providers in the Hungarian pensions sector - reveal that growth funds in particular made returns in the region of 30% thanks to their high equity exposure.

Gabor Borza, CFO of the life and pensions division of ING Hungary, confirmed the three funds run by ING under the lifecycle model had returned 23.4% on average, albeit the weighted average return was much higher at 29.3%.

"Eighty per cent of our assets are in the growth fund which returned 31.98%," he explained to IPE.

The conservative funds of OTP, ING and Generali with the lowest equity exposure returned between 9.58% and 16.46%.

If you have any comments you would like to add to this or any other story, contact Julie Henderson on + 44 (0)20 7261 4602 or email julie.henderson@ipe.com

 

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

Begin Your Search Here
<