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Swedish giants blame global equities for eroding 2018 returns

The rout in equity markets around the world caused a collapse in returns for several large pension funds in Sweden last year.
Niklas Ekvall, CEO at Sweden's AP4. | Photo: AP4/PR
Niklas Ekvall, CEO at Sweden's AP4. | Photo: AP4/PR
Reeta Paakkinen

At Swedish national pension fund AP4, the annual return for 2018 was minus 0.2 percent and its assets total dipped to SEK 349.3bn (EUR 33bn) by the end of December. The fund's CEO Niklas Ekvall emphasizes that that last year was rather exceptional.

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