AMWatch

Pension funds invest in Nykredit's NEP fund despite higher risk

Increased regulation and security and lower interest rates have enticed Velliv, Sampension and AP Pension to invest around EUR 200m in a new fund by banking group Nykredit. None of the investors are worried that Nykredit lost around EUR 130m on a similar strategy during the financial crisis.

Photo: Olivia Loftlund

Velliv, Sampension and AP Pension are financing Nykredit's new fund, which helps smaller banks meet NEP requirements – specifically, the capital requirements that mean the state does not need to provide assistance if the banks are shut down.

The financing of the NEP requirements will take place through investments in Senior Non Preferred (SNP) bonds.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Watchdog pulls plug on scandal-plagued firm with distribution ties to fund managers

Financial house Nord Fondkommission has had its plug pulled by the Swedish FSA after a long investigation into its advisory services. The decision also has ramifications for all of the firm's affiliated agents, including one of Sweden's biggest robo-advisors. Nord is also a distributing partner of some of the country's best known fund managers.

Schroders' flagship survey draws counterintuitive conclusions

Sustainable funds are all Swedish investors want to talk about, but a Schroders Global Investor Study of investors in 33 countries places them last when it comes to positive attitudes about only investing in sustainable funds. "This is indeed counterintuitive," says Henrik Jonsson, the manager's head of Nordics.

Further reading

Related articles

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch