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Pension fund assets to double

According to Fréttabladid in ten years time the assets of Icelandic pension funds will increase twofold to ISK 2,000 billion, up from ISK 1,000 billion last year.

In comparison, the value of GDP for 2004 was ISK 885 billion. Statistic specialists at Iceland’s Central Bank say that because of limited investment opportunities in Iceland, the pension funds will substantially increase investment abroad. According to them the rates of return on foreign investments will make or break the performance of Icelandic pension funds in the future.

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