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Swedish funds slump continues

Two Swedish state pension funds have reported identical poor returns over the first half of the year and highlighted the slump of a usually healthy investment environment.

State funds AP Fonden 1 and AP Fonden 3 both reported negative investment returns of 8%, amounting to around a loss of Skr17bn (€1.8bn) in the first half of the year despite differences in their asset allocations.

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