Irish pension funds back in the black in February boosted by returns in euro from overseas markets with unhedged currency risk
Mar 3rd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Having declined in January, for the first time since October 2009, Irish pension funds recovered lost ground during February, with the average managed fund gaining 1.3% over the month, boosted the value of returns in euro from overseas markets in cases where the currency risk has been unhedged.