The second Swedish state pension fund has suffered an 11% fall in assets over the past year, demonstrating how the usually robust Scandinavian market has failed to escape the credit crunch.
AP2, one of the five funds that contribute to the state pension, saw the valuation in its assets drop from SEK232.8bn (â¬24.8bn) at 30 June last year to SEK207.2bn at the same period this year. Its assets were SEK227.5bn at the end of December last year.
