- Skandia's fossil free fund has achieved a 5 star Morningstar rating

The actively managed equity fund received the highest rating from Morningstar, an achievement reserved for the tenth of the funds that have performed best in a fund category. In order to achieve the rating, Skandia Sverige Hållbar also had to demonstrate historical development for at least three years, as well as report the fund’s holdings and focus. In addition to this, the Skandia Cancer Foundation and the Skandia World Wide Fund for Nature have received the Nordic Ecolabel, which highlights sustainable savings.

- KPA Pension has invested SEK 152m into Heimstaden Bostad.

As part of a directed new share issue to the owners, the European residential real estate company, Heimstaden Bostad, also saw AEK 65m investment from Folksam Liv, a SEK 2.2bn investment from Aleca, and a SEK SEK 1.5bn investment from Heimstaden. Commenting on the news, KPA Pension acting CEO, Ninni Wibeck, stated: “The investment is a good example of KPA Pension's long-term asset management with the goal of providing our customers with good and secure pensions.”

- Elo has announced plans to build over 200 new rental apartments in Tampere.

Forming part of Elo’s broader housing investment program, which aims to deliver more than 1,000 new rental apartments, the plans brings the total of Elo’s real estate investments to €3.3bn. The company emphasised that housing investments have been steady despite economic fluctuations, with demand for rental housing remaining strong even amid the pandemic. The homes are expected to be completed during the summer of 2022, with construction work to begin from March 2021.

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