Solid growth for AP2 assets in first half

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SWEDEN - The strong growth posted by the Second Swedish National Pension Fund Andra AP-fonden (AP2) for the first six months of 2004 has been put down to consistent strategy and a high share of Swedish equities.

AP2 made a SEK 7.6bn (e760m) return on its investments, equivalent to 5.5% and combined pension assets hit a record high of SEK 149.2bn (e16.6bn) for the first half ended June 30, 2004. The fund ge...

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