Sweden's biggest pension cuts stocks on inflation concern
Accelerating inflation is prompting the biggest pension manager in Sweden to cut its holdings of stocks and bonds.
Alecta, which manages $130 billion, is instead boosting exposure to alternative assets such as infrastructure projects and residential housing in an effort to preserve returns.
Alecta seeks to increase alternative assets to 20% of the portfolio by 2024 from the current allocation at 12%.
The private side is taking market share from the listed side,” Sterte said, adding that it’s easier for businesses “to expand and change in the private world than in the listed world.”
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