State PPR gains almost 5% this year and beats competition – Markets

The Retirement Certificate Fund, better known as “State PPR”, registered until November 15th a appreciation of 4.9%a result that is above other PPR and pension funds, reveals Eco.

The performance compares with an average return of 3.7% of the 47 Plano Poupança Reforma (PPR) funds and the pension funds of the Portuguese Association of Investment, Pension and Heritage Funds (APFIPP).

Last year, Eco recalls, the “State PPR”, which has R$64.4 million in assets, had gains of 7.73%, the best result in nine years.

The Retirement Certificate Fund has around ten thousand investors. Of these, 70% are “active” because they make monthly deliveries.