Icelandic funds up over 21% in 2005

clock •

ICELAND - Icelandic pension funds continued their strong performance as they grew 213bn to nearly ISK1.2trn (e13.6bn) in 2005.

The Central Bank of Iceland's annual report for 2005 stated the fund’s 21.6% growth was a slight improvement on 2004 (19.7%). Average net assets in 2005 were equivalent to 110.6% of GDP in comparis...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Iceland

Iceland

Icelandic pensions scoop 25% of geothermal company HS Orka

ICELAND - A group of Icelandic pension funds will buy a 25% stake in geothermal power company HS Orka for ISK8.06bn ($71.5m) from Magma Energy, the firm said.

Raquel Pichardo-Allison
clock 19 April 2011 •
Iceland

Iceland pension funds to block $2bn debt relief

ICELAND - Iceland's pension funds, which hold the bonds behind most of the country's mortgage debt, will try to block proposals to forgive as much as $2bn in bad loans that the government says it is considering.

Omar R. Valdimarsson at Bloomberg News
clock 15 October 2010 •
Iceland

Goldman Sachs and Morgan Stanley join forces to launch ETF range

IRELAND- Goldman Sachs and Morgan Stanley have partnered to launch a range of ETFs under the name of Source. The range has recently received approval from the Irish Financial Services Regulatory Authority for the listing of 50 ETFs.

Emma Dunkley
clock 23 March 2009 •
Trustpilot