Veritas reshuffles outsourced parts of its portfolio

The pension fund makes changes to the externally managed parts of its portfolio, says CIO Kari Vatanen. At present, approximately one third of Veritas' assets are managed in-house.

Kari Vatanen, CIO at Veritas. | Photo: PR: Veritas.

Finland's Veritas Pension Insurance has reduced its exposure to fixed income and increased the factor rotation in its portfolio in order to protect it from the effects of rising inflation and interest rates, says CIO Kari Vatanen.

"We have recently reduced our sensitivity to interest rates by shortening the duration in our fixed income portfolio and moving assets to slightly more illiquid investments. In our equity portfolio we have increased factor rotation, cut down on exposure to growth stocks and tilting it more towards value stocks," says Vatanen when asked how he is preparing his EUR 4.4bn portfolio for the potential increase interest rates as well as inflation.

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