Several of Sweden's big pension companies have started to support a much-discussed stock market operation that's currently sweeping through Scandinavia after becoming explosively popular in the US.
Many Danish pension firms, however, are having a hard time the seeing point in using a special purpose acquisition company (SPAC). A SPAC is a shell – or a 'blank cheque company' with no actual business operations – set up to raise capital through an initial public offering in order to acquire an existing business.
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95 percent of active global high-yield managers struggle to consistently add value net of fees, according to the world's fourth-largest asset manager ahead of launching a global HY index fund. However, a recent survey by consultancy Kirstein showed a vast majority of Nordic investors preferring their HY portfolios actively managed.