The Swedish state pension platform, Premium Pension Authority, has included Salus Alpha funds in its portfolio.
The Swedish state pension platform, Premium Pension Authority, has included Salus Alpha funds in its portfolio.
The Salus Alpha funds are Ucits III compliant and therefore meet strict requirements regarding transparency, daily liquidity and adequate administration procedures.
The Swedish pension system is divided in three parts: income pension, guaranteed pension and premium pension. For the premium pension the pension saver has a number of funds to choose from. Every pension saver can decide in which fund and what amount of money he wants to invest. At the moment the PPA’s fund holdings of 5.8 million pension savers are valued at a total of EUR27.5bn.
The funds newly-included on the platform are Salus Alpha Real Estate, as well as the multi manager funds Salus Alpha Event Driven, Salus Alpha Managed Futures and Salus Alpha Equity Hedged.
Salus Alpha says that for retirement provisions the reduction of market risk should be the first priority. The biggest risk for the future value of a pension is the short fall risk, especially if an investment product was selected due to assumption of historic performance. It says investment products which reproduce market risk should not be selected since there is no guarantee for future performance.
