AP1 reports double-digit returns for 2010

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SWEDEN - Första AP-fonden (AP1) posted a net income of SEK20.5bn ($3.2bn) after expenses in 2010, returning 10.2% for the year.

The fund totalled SEK218.8bn in assets under management at the end of 2010, an increase of SEK16.5bn. It put the solid returns down to improving stock markets after it raised its allocations to dom...

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