SWEDEN - AP7 returned 14.8% in 2010, almost 50% more than the nation's private funds.
Private funds returned 10.3% during the same period, while AP7 members aged 55 or under - who have a higher allocation to equities, enjoyed returns of 15.6% - 5.3 percentage points higher than the private funds' return. AP7's members invest in equity and fixed income funds.
Swedish workers can either choose from the 700 private funds provided by firms such as Goldman Sachs, Fidelity and Skandinaviska Enskilda Banken (SEB) or the state-run AP7 fund.
AP7 vice-president Svante Linder said: "Our portfolio is highly diversified which gives us positive results. We are extremely happy with our return for 2010. We always aim to outperform the private funds and provide a better pension plan for our savers."
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