Irish pension managed funds rose by 2.0% on average in August - but down 15.2% in 2008
Sep 3rd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish pension managed funds rose by 2.0% on average in August. Despite weak economic data and continued fallout from the sub-prime mortgage crisis, equity markets rallied during August as the oil price declined dramatically and the dollar strengthened against most major currencies. Funds are down 15.2% in 2008.