Pooled pension balanced funds are regaining value

pension funds

the First quarter of 2005 saw pooled balanced funds achieve a positive return

A typical pooled pension balanced fund is now worth around 94% of its asset value at the start of 2000 after recent years of growth, research from Russell/Mellon has revealed. Balanced pooled funds made a positive return for the eighth consecutive quarter during the first three months of 2005, with a median return of 2%. Daniel Hall, Russell/Mellon's publications and statistics manager, said: "In the first quarter of 2005, pension funds continued to claw back some losses they suffered during the bear market at the start of the decade." Most key equity markets saw positive returns in the ...