Revival in stock markets boosts AP7 returns to 18.7%

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SWEDEN - Buoyed by the strong rebound in the global equities market, AP7, the default Swedish pension fund, has posted returns of 18.7% in 2003, as compared to returns of -26% in the previous year.

The strong performance was boosted by returns in the equities portfolio with the global equities returning 19%, while the Swedish equities returned 34%. Fixed income returns stood at 6% while a...

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