Kåpan Pensioner, the SEK26bn (€2.8bn) Swedish fund for government employees is transitioning its US equity portfolio into call options.

Gunnar Balsvik, chief executive of Kåpan, said the fund was gradually moving into call options to allow it to increase its exposure to US equities but limit the downside effects when markets fall.

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Swedish Kåpan moves into US options

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