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AP7 To Run Passive EM Equities
Swedish pension fund, AP7, will now manage its emerging markets equities passively.
Swedish pension fund, AP7, will now manage its emerging markets equities passively, IPE reports. Previously, the fund invested in emerging markets using different financial instruments and techniques that generated returns equivalent to the index.
AP7 is planning to eventually move these assets to direct holdings, reducing costs and generating “more pure” beta management. The fund is expected to finalize the transfer by the end of 2011.
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