Swedish equities are clearly preferred to broader European equities, according to the latest research by Svenskt Fondexpertindex (SFEI) into the thoughts of fund professionals actively managing some SEK340bn (€39bn) in assets.
Peter Norman, Sweden’s Minister for Financial Markets, has given his backing to Swedbank’s weekend announcement regarding its Tier 1 capitalisation objectives and share buyback programme.
Conflicting reports have emerged today suggesting the Finnish government is split over whether the country will back down on its claim to collateral in order to agree its part in the second bailout of Greece.
Norway’s Ministry of Finance has confirmed that Martin Skancke has resigned his position as head of the department charged with overseeing the so-called ‘Oil Fund’.
Central banks acquired 49% of the latest sale of government debt issued by The Swedish National Debt Office.
Proposals put forward by Sweden’s Ministry of Finance for a new type of investment savings account have been rejected by the Swedish Investment Fund Association, blaming excessive complexity and the danger of investors being hit by unacceptably high tax rates.