Polish pension funds grow by 13.4% ytd, reaching EUR 72.9bn at end of November
The value of assets managed by Poland's 13 mandatory open pension funds (OFEs) increased in November by 0.8% m/m to PLN 305.75bn (EUR 72.90bn) at the end of the month, according to the Polish Financial Supervision Authority (KNF). Ytd, these assets grew by 13.4%.
The number of OFE members rose to 16.377mn at the end of November from 16.380mn a month earlier and vs. 15.942mn at the end of 2012.
The OFE accounting unit's weighted average value was PLN 37.78 at the end of November vs. PLN 37.56 a month earlier and compared to PLN 34.39 at the end of 2012.
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