Open Pension Funds

Magic?

Magic?

The Open Pension Funds (OFE) could make as much as PLN 8 billion on the Warsaw Stock Exchange (GPW), according to Dziennik Gazeta Prawna. As we read in the newspaper, OFE will sell shares on the GPW and will also buy quoted securities on other markets. Since introducing a major reform in February, OFE has decreased its share in the domestic stock exchange from PLN 128 billion to approximately PLN 123 billion. The value of its foreign portfolios has increased from PLN 5 billion to PLN 7 billion. This year OFE may well invest around 10% of its assets, approximately PLN 150 billion, on foreign markets. This possibility stems from an amendment to regulations on OFE funds.
tvp.info

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