Two Finnish pension funds did not invest in fixed income and troubled euro-zone bonds in 2010, IPE reports. Varma and Tapiola Pension instead chose to raise their exposure to equity, with stock portfolios returning 19.8% and 23%, respectively.
The shift in exposure saw Tapiola Pension boost its exposure to equity by 6 percentage points to 34.6%. Tapiola’s equity investments targeted particularly well-established global companies along with increasing exposure to emerging markets.
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