In 2019, Swedish premium pension system default fund AP7 had a record year, delivering a 33.1-percent return and comfortably beating a majority of funds available on the fund platform Fondtorget.
A volatile 2020 meant returns of 4.4 percent were not quite as lucrative last year, whereas the average return from the private funds was 8.8 percent. But CEO Richard Gröttheim is still satisfied with the figures for 2020.
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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.