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Krona rally has further to go, CEO of Swedish pension giant says

The newly-appointed chief executive officer of Swedish pension giant AP1 says she doesn’t expect the best-performing major currency of the year to end its rally any time soon.

AP1 chief executive Kristin Magnusson Bernard | Photo: AP1/PR

"The combined action of monetary and fiscal stimulus around the world has kept risk appetite up, and the SEK tends to do well in these kind of circumstances," AP1 chief executive Kristin Magnusson Bernard said in an interview in Stockholm.

"You also have the flow arguments, as a lot of investors have been structurally underweight the SEK for so long," said the 41-year-old, who heads a state pension fund with about EUR 34.3bn under management.

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