Bad year but AP2 still up

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SWEDEN - Despite only producing a 4% annual investment return after costs, the second AP fund (AP2) finished 2007 SEK10.7bn (US$1.6bn) up on 2006, with a value of SEK227.5bn.

However, after the first six months of 2007, AP2 had reported a 7% return on investments, taking capital assets to SEK232.8bn. Eva Halvarsson, CEO, AP2, said: "The past year is likely to go down...

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