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36b euro Finnish fund moves away from Europe, focuses on US

Published Sun, Dec 4, 2016 · 09:50 PM

Helsinki

ONE of the Nordic region's biggest asset managers is adjusting its portfolio to reflect a lack of confidence in Europe and a growing faith in the prospects of a US boom.

Ilmarinen, a Finnish pension fund that oversees about 36 billion euros (S$54.5 billion) in assets, plans to adjust its investments so it's no longer underweight the US, according to Timo Ritakallio, its chief executive officer.

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Companies & Markets

Companies & Markets

36b euro Finnish fund moves away from Europe, focuses on US

Companies & Markets

HCA beats first-quarter profit estimates on higher patient admissions

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

Chevron's quarterly profit beats estimates

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