POLISH second-pillar funds net average 12-month gain of 17.6%

Poland's weighted average 12-month second-pillar fund (OFE) returns soared to 17.6% as of the end of March, according to the Polish Financial Supervision Authority (KNF).

The figure compares to an average 6.6% loss recorded a year ago.

Of the 12 OFEs, MetLife generated the highest return - 19.5% - and Aegon the lowest, at 14.2%.

Three-year average returns rose from 6.3% to 12.9%, while 10-year results edged up from 48.8% to 49.7%. Read the full story

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