Estonia, Financial Services, Funds, Investments, Pensioners

Only Swedbank's and Ergo's higher risk funds fell. Swedbank's pension fund "K4" had the worst performance, its yield being –1.15%. The yield of "K3" was –0.19%.

Ergo pension funds "2P3" and "2P2" had –0.36% and –0.08% yields.

There are 23 second pillar pension funds in Estonia: LHV has 5, Swedbank, SEB and Nordea have four each and Ergo and Danske three each. Only the abovementioned four posted a fall.

The yields of Ergo's 3 funds were from –0.36 to + 1.44%; the yields of Danske's 3 funds were from 0.74% to 1.09%; those of LHV's 5 funds were from 0.1% to 1.38%, Nordea's 4 funds from 0.62% to 2.09%; SEB's 4 funds from 0.67% to 0.96% and Swedbank's 4 funds from –1.15% to 1.13%.

The 2nd pillar pension funds are Estonian semi-obligatory second pillar pension funds, which are funded partly by the state and partly by people. Third pillar pension funds are voluntary and fully funded by people.