Folksam's AUM exceeds EUR 41bn – performance strong despite Swedbank scandal

Figures are strong despite Swedbank's negative development during the first half of 2019, says the group's CEO Jens Henriksson.

Photo: PR / Folksam

Sweden's Folksam has reported returns of 6.8 percent for Folksam Liv and 7.7 percent for KPA Pensionsförsäkring. Total assets currently stand at approximately EUR 41.7bn.

“These are strong figures, not least in the light of one of our largest investments, Swedbank, seeing a negative development during the period,” comments Folksam Group CEO Jens Henriksson in a press statement, referring to the money laundering scandal that surrounded Swedbank this spring.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and hear about their career experiences. 

Fidelity plans to halve CO2 in investment portfolios by 2030

Fidelity International's target will initially be limited to portfolio companies' direct emissions and those that stem from energy the company buys, so-called Scope 1 and Scope 2 emissions. The manager intends to add Scope 3 emissions once it has access to better data.

Further reading

Trial banner

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch