Finnish insurer joins equity exodus

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FINLAND - The €5.3bn (US$6.8bn) Finnish insurer Etera has reduced the share of its equity investments amid market turmoil, MandateWire reports.

The company's exposure to the asset class has now dropped from around 40% to 26%, with fixed income being the main beneficiary of the shift. However, Etera has recently acquired a 20% stake in the...

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