Sweden's first four National Pension Funds (AP1-4) have generated SEK 132bn (EUR 13bn) in total returns during 2020, equating to 8.5 percent.
The four buffer funds have a higher return than some of its international peers; a selection of international pension funds of similar size and mandate have an average return of 5.2 percent for 2020, according to a new report by the Swedish government.
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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.