mast image

Special Report

Impact investing


Portuguese pension funds return 1.4% in Q3

PORTUGAL – Portuguese pension funds returned 1.4% for the third quarter, according to research from Watson Wyatt.

The latest estimates by the consultants state that Portuguese pension funds returned 1.4% in the third quarter of 2003, taking the year-to-date returns to 5.4%.

Portuguese equities were the best performing asset class for the period end of June to end of September, returning 5.4%. Watson Wyatt attributes the performance to corporate activity’s renewed interest.

The asset class is also the best performer year-to-date, having produced an estimated return of 7.6%. International equities also performed well over the third quarter returning 3.7%, and 6.6% over the first nine months.

Euro public debt, which receives the largest allocation of Portuguese pension fund assets returned only 0.1% over the third quarter – less than cash/money markets which returned 0.5%.

Alternative investments which represent the smallest asset class of Portuguese pension funds, with just 1.6% of assets allocated to it, returned 1.5% over the third quarter, taking its year-to-date returns to 5.6%.

If the third quarter estimates are accurate, it will be the second consecutive quarter in which all assets classes have produced a positive return.

Have your say

You must sign in to make a comment


Your first step in manager selection...

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

  • QN-2558

    Asset class: Private Equity.
    Asset region: Global or Swiss.
    Size: USD $5-10m.
    Closing date: 2019-08-20.

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

Begin Your Search Here