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Finnish pension giants keep close eye on Russia as Q1 concludes

Both Ilmarinen and Varma recorded a negative result for the first quarter of the year. Ilmarinen’s CEO highlights that it is increasingly important to be prepared for extraordinary situations, while Varma’s CIO predicts that the rest of 2022 will not look rosy for investors.

The current problem in investment markets is that there are almost no tempting investment targets in the short-term, says CIO of Finnish pensions giant Ilmarinen Mikko Mursula.

Writing to AMWatch about the company’s Q1 result and the prevailing investment environment, the CIO of Finland’s largest pension company remains tight-lipped about potential investment vehicles but notes that “investment targets that have a proven cash flow or can display profitability and whose operations do not lean on significant leverage are interesting from a relative perspective” are still interesting.

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