Swiss pension fund yields have fallen for the fourth straight quarter according to State Street Investment Analytics.This content was published on July 19, 2008 - 13:12
The financial services provider said on Saturday that the average yield on assets held by institutional investors fell 0.37 per cent during the second quarter this year.
This follows a more dramatic drop of 8.04 per cent in the first three months of 2008 according to the company's analysts.
"The expected improvement of financial markets did not happen," said the head of State Street Investment Analytics for Europe, Reto Tschäppeler, in a statement.
He added that the minimum yield of 2.75 per cent for pension funds set by the Swiss government this year was probably out of reach for many of these institutions.
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