Swiss funds flounder as equities drop

Tuesday 1 February 2005 at 16:00

Swiss pension funds performed below their industry investment benchmark last year returning 3.6% against an index return of 4.6% due to overweight positions in Swiss and European equities, according to performance measurement company WM.

WM said Swiss pension schemes had taken average bets on Swiss equities that were 2.4% higher than its Swiss Balanced Universe, a benchmark.