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AP7's and Pimco's funds swap places again as Europe's largest open-end fund

AP7 Aktiefond lost EUR 830m in asset values during September due to market depreciation effects, and Pimco's GIS income fund is once again Europe's largest open-end fund, according to Morningstar. The Stockholm-based equity fund is part of the default product in the Swedish premium pension system, AP7 Såfa.
The Swedish pension fund AP7 Aktiefond has become Europe’s largest open-end fund, according to a new report by Morningstar. | Photo: AP7/PR
The Swedish pension fund AP7 Aktiefond has become Europe’s largest open-end fund, according to a new report by Morningstar. | Photo: AP7/PR
by REETA ILONA PAAKKINEN

US asset manager Pimco's GIS Income fund has again become the first in the ranking of Europe's largest open-end funds after losing its status to AP7's Aktiefond in August, reports Morningstar.

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