MNB: Pension funds produce real-term yields both in 2015 and over ten years

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Although actual yields varied widely even within similar-risk portfolios, apart from a few exceptions, pension funds produced net yields over last Decemberʼs 0.9% inflation rate or the 3.69% average December inflation rate in the period between 2006-2015, according to individual data on Hungarian voluntary and private pension funds published by the National Bank of Hungary (MNB) yesterday.

Except for one case, the average annual yields produced in 2001-2015 were safely over the 4.19% average of December-December inflation measured in the period.

The figures show some but not an especially tight correlation between the average yields and the risk of the various portfolios.

Funds producing under their own set benchmarks were also limited, according to the compilation that includes these benchmarks. 

Voluntary pension funds operating in Hungary had assets worth HUF 1.07 trillion at the end of 2015, up 6% in one year, head of the National Association of Voluntary Pension Funds, Gábor Kravalik, said recently. Assets per member rose 8% to HUF 1 million as the number of members fell to 1.063 million.

The four remaining private pension funds had assets of HUF 217.7 billion at the end of 2015, the MNB report showed.

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