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Sweden's largest fund reins in portfolio risk

With many markets having become expensive following this year's equity rally, Sweden's default premium pension provider AP7 is reducing the portfolio risk in its Såfa fund, writes Realtid.

Ingrid Albinsson is executive vice president and CIO at AP7. She has previously worked at Swedbank Robur from 2000 to 2011 and SEB from 1990 to 2000. | Photo: Peter Knutson/AP7

The Swedish default pension provider AP7 is lowering the overall portfolio risk in its default product Såfa, according to a report from Swedish news service Realtid.

This reduction is an adaptation to the new market conditions following the global equity rally of recent weeks. The fund's financial return is up 10 percent this year after a slump in 2018, where its performance was a negative 2.98 percent.

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