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Alecta's default portfolio generates 12 percent year-to-date returns

Total assets under management at the pension fund now surpass SEK 1,000bn (EUR 98bn).

Alecta CEO Magnus Billing

In a new report published on Friday, Swedish pension fund Alecta states that its assets under management now total SEK 1,134bn (EUR 110bn). That is an increase of SEK 171bn (EUR 16.7bn) -- or 15 percent -- in a year.

The pension fund's defined contribution portfolio, Alecta Optimal Pension, delivered a return of 12.4 percent in the first half of the year. These numbers are related to the default portfolio, which has an equity portion of 60 percent. Alecta currently manages SEK 198bn (EUR 19.3bn) in defined contributions, up from the SEK 147bn (EUR 14.3bn) at the end of the corresponding period last year.

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