Not a good year for the second pension pillar

The second pension pillar funds lost 4-24% this year and none of them generated a positive yield. This reflects the drop in global equity and bond markets, due to the Russian invasion, energy crisis and rising interest rates. Last year, bond funds posted about zero yields; this year they have lost 4-10%. Index funds have lost 7% this year after last year's 25% growth. Actively managed equity funds lost 8-13% this year.

(sme.sk)