The WM universe of pension funds has continued to benefit from the high returns available in the Far...
The WM universe of pension funds has continued to benefit from the high returns available in the Far East and the US. In the second quarter the average fund produced a total return of 3.7%, following on from 5.9% in the first quarter. Overall European equities continued to post disappointing returns in the second quarter while bonds produced negative returns According to The WM Company, which measured 1,178 funds with assets worth £351bn, portfolios benefited from the continued recovery in Japanese and Asian equities. The second quarter return from the Pacific ex Japan equities was 25.2% c...
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