SWEDEN - Swedish fund AMF Pension recorded one of its strongest years to date as it returned 16% in 2005, up from 9.7% the year before.
An AMF spokesperson told GlobalPensions.com the average return for AMF pension pension of total yield for the past 20 years was 12.2%.
“Overall we are very happy, compared to other companies we are showing strong performance year after year,” she said.
AMF’s performance puts it ahead of the Swedish industry average of 13.2%.
The spokesperson said the fund had also managed to cut expenses to 0.17% of managed capital.
AMF has 3.3 million members, and is focused on occupational pensions for private individuals and the corporate market.
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