AMF posts 4.4% first-half return and says it can continue to broaden portfolio

Swedish pension provider AMF this morning reported a total return of 4.4% for the first half of this year for its traditional insurance – a with-profits, defined contribution (DC) product – and said its financial strength meant it could continue broadening its investments. The return is on a par with the 4.3% return reported by its larger rival Alecta last week, for the defined benefit (DB) scheme which represents the bulk of its assets, but lower than Alecta’s 6.6% return...