Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»​Alecta’s DC product returns 8.7% as equities rally, bonds priced higher | News
    Investments

    ​Alecta’s DC product returns 8.7% as equities rally, bonds priced higher | News

    October 18, 20242 Mins Read


    Alecta, Sweden’s biggest pensions institution, posted an 8.7% return on its main defined contribution (DC) product for January to September, saying major equity markets had rallied strongly in the period with bond assets also having grown in the third quarter.

    Releasing interim results this morning, the occupational pension provider revealed its total assets grew to SEK1.33trn (€116bn) by the end of September, up from SEK1.31bn at the end of June, and SEK1.24trn at the end of 2023.

    The lion’s share of those assets underpins Alecta’s defined benefit (DB) scheme, which had SEK1.03trn at the end of the third quarter, up from SEK980bn at the end of 2023.

    Alecta said the DC product Alecta Optimal Pension produced an 8.7% return in the nine months to September, while the DB scheme clocked up a 6.3% gain. The DC year-to-date return for this year is now at the same level as the return for the whole of 2023.

    The Stockholm-based pension fund said: “During the third quarter of the year, the global stock markets have continued to rise.

    “The development can mainly be attributed to the fact that central banks have overcome troublesome high inflation, which has ushered in a new economic phase and a period of interest rate cuts to speed up growth,” it said.

    Since the turn of the year, the Swedish stock market had risen by 13.5%, the institution said, while the US stock market rose 18.9% and European bourses climbed 13.1% – all in local currency terms.

    With subdued inflation and lower key interest rates, Alecta said market interest rates had also fallen across the board, which has also led to positive returns on fixed-income assets.

    Read the digital edition of IPE’s latest magazine



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Selon un récent dépôt auprès de la SEC, Sei Investments Insider a vendu des actions pour une valeur de 12 006 823 dollars.

    Investments

    Un actionnaire de Skechers poursuit le fabricant de chaussures pour obtenir des détails sur le rachat de 9,4 milliards de dollars par 3G

    Investments

    Aberdeen Investments : Pruksa Iamthongthong nommée head of equities Asie-Pacifique

    Investments

    CPP Investments se retire d’Informatica par le biais d’une transaction avec Salesforce

    Investments

    Aberdeen Investments : nomination

    Investments

    BofA signale la plus grande sortie d’actions de 2025 avec 9,5 milliards $ retirés

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Gold SWOT: Uganda plans to start domestic gold purchases to build forex reserves.

    Stock Market

    Why (And How) U.S.-Based Stock Market Apps Don’t Always Work in Other Countries

    Property

    Scottish town named cheapest in the UK for first-time buyers

    Editors Picks

    Dividend Stocks: ONGC, Reliance Industries, IRCTC, ABB India, among others to trade ex-dividend next week; Full list

    August 17, 2024

    2,2 milliards d’euros pour produire du carburant vert entre Étagnac et Saillat: l’entreprise Verso Energy double la mise

    March 31, 2025

    Here’s what you get paying entry-level price in every capital city

    March 12, 2025

    India’s silver imports to double on rising demand for solar, investment | Commodities

    August 23, 2024
    What's Hot

    Hindustan Copper Limited annonce des changements de directeur général

    March 21, 2025

    Ericsson Mobile Financial Services: Telco-Fintech Synergy Grows

    August 22, 2024

    Next Cryptocurrency to Explode, 9 May — Brett, Oasis Network, Fartcoin

    May 9, 2025
    Our Picks

    Lorraine. Silver économie : un business en or ?

    February 13, 2025

    Belarusian Winter Agricultural Products Fair held in Minsk-Xinhua

    October 12, 2024

    YouLend Secures US$1bn US Credit Facility to Boost SMB Lending Reach

    October 25, 2024
    Weekly Top

    Artemis Gold Inc. annonce l’ouverture officielle de la mine Blackwater

    May 31, 2025

    India’s Digital Payment Surge: Currency and Convenience

    May 31, 2025

    Le numérique au service du développement : catalyseur, levier ou fracture ?

    May 31, 2025
    Editor's Pick

    Dividend powerhouses to invest in: Raja Venkatraman’s top picks

    March 18, 2025

    Quatre mois après son entrée en Bourse, Younited rachète la néobanque Helios

    May 16, 2025

    Ex-SAS star Ant Middleton ‘forced to sell UK home after £1,200,000 debts’

    February 18, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.