US Edition12 Articles
12 Articles
Trade war | Up to 10 billion disappeared from Finns' pension funds in a week – "This has never been seen in the world"
The stock market crash has already eaten away at pension assets by more than ten billion euros. According to pension managers, the buffers are in order, and the large equity weighting is not regrettable. “We are thinking about this game with a 100-year horizon.”
Pension funds have also been hit by the falling stock exchange: how many millions have evaporated since the beginning of the year?
After the US stock market lost more than $11 trillion since the beginning of the year, Lithuanian pension funds, especially the second tier, also faced negative returns: short-term losses amount to hundreds of millions of euros. The pension funds themselves emphasize that the decline is temporary.
Young people hit hardest by race
The stock market has plummeted by 12 percent in the past week alone. As a result, billions in Swedish pension assets have disappeared, according to SvD. The stock market race is hitting hard on those who save for retirement in stock funds, most notably the young generations, according to experts.
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