Etera, the Finnish mutual pension provider, posted negative returns of 2.3% last year driven by volatile equity markets, but saw its real estate portfolio rebound from returns of 0.7% to nearly 8%.
Jari Puhakka, the mutual’s director of investments, said a modified investment strategy had allowed its solvency level to remain stable year-on-year despite the “market shock” witnessed in 2011’s third quarter………………………………………..Full Article: Source