AP1 registers first half asset rise thanks to equity share

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SWEDEN - Forsta AP-fonden, the first Swedish national pension fund, posted a SEK8.1bn increase in assets during the first half of the year thanks to a high equity share, rising stock prices and falling interest rates.

Stockholm-based AP1 amounted to SEK126.6bn at June 30, 2003, representing a total rate of return of 6.6% before asset management costs. AP1 puts its asset management costs at around SEK83m. The ...

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