Elo CIO: Finnish companies are in good shape to face more volatile times ahead

Over this year’s first half, Elo’s investments totaling EUR 23.8bn yielded a return of 7.2 percent. 

Elo CIO Hanna Hiidenpalo. | Photo: PR / Elo

Finnish listed companies are in a good shape to face more uncertain times as companies’ profitability has generally improved and balance sheets become stronger, says pension insurance company Elo CIO Hanna Hiidenpalo.

While prospects for Finland’s domestic economy are still positive, the challenges of global economy increases risks of a weaker economic development than originally, the EUR 23.8bn fund states in its half-year report. Finnish economy is expected to grow 1.6 percent this year, global economy by 3.3 percent, and the eurozone economy by approximately 1 percent.

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