Icelandic pension funds lost 21.78% in 2008

By 18 September 2009

Icelandic pension funds lost 21.78% in 2008

[16:30 CEST 18-09] ICELAND – The real rate of return for Icelandic pension funds was -21.78% in 2008, while the value of net assets dropped by 6% to ISK1.6trn (€8.8bn), the Icelandic Financial Supervisory Authority (FME) has revealed.

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