Positive Result at Austrian Pension Funds
Assets under management rose by 5.6% in the first quarter of 2012. The yield was beyond the long-term average of 2.8%.
The Austrian pension funds published results of the first quarter of 2012. At the end of the first quarter, assets under management came at € 15.6bn, which is an increase of 5.6% against the end of the fourth quarter of 2011. Assets under management at company pension funds declined by 0.2% to € 509.3m.
Against the prior quarter, the number of…