After posting a 3-percent increase in December, Polish pension funds fared poorly on the Warsaw Stock Exchange in January, the business server parkiet pl reports. Only three of the open-ended pension funds managed to improve their performances last month, including Generali, which posted a 0.31 percent increase, and Polsat, which was up by 0.23 percent. The biggest pension fund on the Polish investment market, Aegon, reported a 0.81-percent drop.
Market watchers say the poor performance is due to the stock market’s weak condition and the downturn of the debt market. The WIG20 index was down by 3.5 percent in January, which also impacted the market.
