News in brief - 15 January 2021

- 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.

    Share Story:

Recent Stories

Podcast: Opportunities in Chinese equities
China was the first country to be impacted by the coronavirus outbreak, which lead to its economy plummeting. Since then, however, the country has managed to keep outbreaks of the virus under control, and is experiencing a V-shaped recovery with many areas returning to normal.

In this podcast, David Choa CFA, Head of Greater China Equities at BNP Paribas Asset Management talks to European Pensions Editor, Natalie Tuck, about China, its position within the global economy and the potential institutional investor opportunities within Chinese equities.

Podcast: How can a cross-border approach to pensions benefit multinationals?
In this podcast, Irish Association of Pension Funds CEO, Jerry Moriarty and AMX Head of Client and Manager Development, Aaron Overy, discuss with European Pensions Editor, Natalie Tuck, how a cross-border approach to pensions can benefit multinational companies.
Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows

Europe’s pensions challenges
Francesca Fabrizi meets Matti Leppälä, Secretary General and CEO of PensionsEurope, to discuss the key aims and objectives of the association today.