Icelandic pension funds boost foreign exposure
The value of foreign assets grew faster than that of other assets between January and September 2020 and amounted to 33 percent of pension funds, the Icelandic Pension Funds’ Association (LL) says.
Icelandic pension funds have seen their allocations to foreign assets jump this year as a result of a plummeting króna, although institutions have held off from foreign currency purchases during the Covid-19 crisis to support the domestic economy, reports Ipe.com.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
