FINLAND - The e6.9bn Valtion Elakerahasto, Finland's State Pension Fund (SPF), posted a 9.6% return for 2004 on the back of increased equity weighting and positive performance from the asset class.
The defined benefit scheme, which is the buffer fund for state employees, increased its equity weighting from 34% at the beginning of 2004 to 40% at year-end. “We are very happy with the perform...
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