• Sweden edition

Swedish state's holdings outperform Stockholm exchange

Published: 30 Dec 2009 14:23 GMT+01:00
Updated: 30 Dec 2009 14:23 GMT+01:00

The value of the Swedish state's stock portfolio has grown by 55 billion kronor ($7.66 billion) in 2009. Its current worth is somewhat larger than it was in the first half of 2007 before the financial crisis hit, reports Svenska Dagbladet newspaper.

At the beginning of 2009, the state's shares in Nordea, Telia Sonera and SAS were valued at just under 95 billion kronor, the Svenska Dagbladet (SvD) newspaper reports.

As of Monday, the portfolio's value had grown by 58 percent to 150 billion kronor, outpacing the 48 percent growth posted by the Stockholm stock exchange during 2009.

According to the E24.se financial news website, Nordea has been the main growth driver for Sweden's investment portfolio.

Shares in the Nordic banking group have seen their value climb by 74 percent since the beginning of 2009. The value of SAS shares, on the other hand, has decreased by 32 percent.

The rise in the value of the Swedish state's holding puts it back in the top spot as largest shareholder on the Stockholm exchange, a position it lost earlier in the year to Hennes & Mauritz owner Stefan Persson.

Persson's shares in the clothing retailer are now valued at 116 billion kronor, up 32 percent for the year.

TT/The Local (news@thelocal.se)

Don't miss...X
Left Right

Your comments about this article

11:11 January 2, 2010 by Keith #5083
and to think that recently in The Local someone (I think from USA) was commenting about the terrible mess of Sweden's finances caused by the international financial crisis. Making hay while the suns shines is easy - making it in the midst of storms, now that's admirable.

Doubtless someone will come into this comment board bemoaning the "failures of capitalism" and the success of Nordea.I guess it will probably be Nordea's fault that it's been snowing.....!
12:51 January 2, 2010 by calebian22

I am a capitalist, however, read the article.

"Its current worth is somewhat larger than it was in the first half of 2007 before the financial crisis hit" So in two years time, Sweden's portfolio is only somewhat larger. So relatively no growth in two years?

Anyone who says the last 18 months hasn't been the result of Wall Street greed and low class Americans buying homes they couldn't afford in the first place hasn't been paying attention. When a world impacting economy like the US', has it's head up it's arse no one should be surprised when the fit hits the shan and the bubble bursts, sending ripples through the world markets.
03:13 January 3, 2010 by Keith #5083
Wall St greed was not, regrettably, restricted to Wall St and America. It was a virus that infected many nations and you don't have to be Icelandic or from Dubai to know that, do you? That is not to say that America catching a cold didn't cause pneumonia in some economies. My attentive point, however, was that Sweden has generally managed to avoid (through better planning, insight or prudence) some of the worst effects - as is demonstrated by the article on which we comment.

"somewhat larger' is a relative statement - in Iceland such a statement probably is interpreted as...hmmm..heaven, don't you think? So relatively no shrinkage in 2 years -catastrophic years? Many a fund manager would be happy,under the circumstances, with a performance to match the Swedish State's in the past 2 years.

But hey, everything is the fault of the Yanks nowadays,huh? For all the imperfections - it's still better than the Taleban,huh?
09:51 January 3, 2010 by calebian22
I agree, that greed is not restrictive regarding culture or nationality. No one foisted huge personal credit card debt on the British citizenry for example. However, British greed, or Icelandic greed doesn't have the same world impact on the world economy.

Actually the article didn't say no shrinkage. It said the that the fund is somewhat larger than at the beginning of 2007. My guess, since I don't have access to the account, is that it has taken a huge hit like most funds in the last two years and has recovered in the last couple of quarters, hence the sounds of lamentations in the previous quarters. But you are right, in the final analysis, a lot of fund managers would be happy with Sweden's performance.

And yes, America is awesome in spite of it's faults.
04:25 January 4, 2010 by Keith #5083
I also agree that the impact on the world economy has been,in earlier decades, substantial. The continuing failure of self-policing or governmental controls of Wall St, following their shameful behaviour, has however considerably damaged any shreds of financial management expertise that had survived the last 2 years.

The 'no shrinkage' comment was rhetorical and not a factual reference to the article :)

But it's very pleasant on such a comment board to achieve some measure of consensus. Sincere thanks for our 'discussion' and have a Happy,healthy and 'profitable' New Year.
Today's headlines
Green Party ranked 'most gay friendly' in Sweden

Green Party ranked 'most gay friendly' in Sweden

The Green Party's views are 88.6 percent "LGBT-friendly", a Swedish LGBT rights group determined on Monday, making the Greens the most gay-friendly of all Sweden's parliamentary parties. READ  

Man held on suspicion of murdering wife
Police on the scene. Photo: Johan Nilsson/TT

Man held on suspicion of murdering wife

Updated: Police arrested a man in Copenhagen on the suspicion of killing his wife, whose body was found at the couple's home in southern Sweden during the weekend. READ  

Arlanda, Stockholm
Lightning bolt grounds flight to New York

Lightning bolt grounds flight to New York

Swedes bound for New York learned on Monday morning that their plane had been cancelled after it was hit by lightning during Sunday's thunderstorm. READ  

Elderly Swedish man stripped of his 35 cats

Elderly Swedish man stripped of his 35 cats

The County Administrative Board of Skåne has decided to confiscate the 35 cats of an 81-year-old man who was forbidden from having more than nine of the furry felines. READ  

Wild weather set to strike Sweden anew
Photo: TT

Wild weather set to strike Sweden anew

With Sunday's thunderstorm reported as the worst of the year so far, Sweden is bracing for round two on Monday as meteorologists predict more of the same. READ  

Swedish suicide rates hit 25-year high

Swedish suicide rates hit 25-year high

Last year 1,600 people in Sweden took their own lives - the highest number since 1989. READ  

Thunderstorms replace Swedish heatwave
The Viking Lines ferry pictured was ripped away from the dock as a result of the storm. Per Gustavsson / TT

Thunderstorms replace Swedish heatwave

UPDATED: The Swedish summer was brought to a halt on Sunday as thunderstorms caused chaos in Stockholm with further inclement weather forecast for the week ahead. READ  

Gaza crisis delaying case of murdered child
Protesters gather in Malmö for a pro-Gaza demonstration on July 26th 2014. Stig-Åke Jönsson / TT

Gaza crisis delaying case of murdered child

The ongoing conflict in the middle east is delaying the investigation into the death of an 8-year-old girl who was found dead in Sweden in May. Meanwhile, over a 1,000 people attended a pro-Gaza march in Malmö. READ  

Politician reported for selling 'negro ball'
A selection of Swedish chocolate balls. Leif R Jansson/TT

Politician reported for selling 'negro ball'

UPDATED: The Afro-Swedish national association has reported Swedish politician Eva Sidekrans to the police for selling chocolate balls labelled as "old fashioned unprejudiced negro ball" saying it incites racial hatred. She has since apologized. READ  

'Dead' Swede's damages claim killed off

'Dead' Swede's damages claim killed off

A 36-year-old woman in central Sweden who was listed as deceased by the tax office has lost her claim for damages after the Chancellor of Justice rejected her demand for compensation. READ  

People-watching, June 26th - 28th. Get inside Stockholm's hottest nightclubs
Top ten Swedish taboos
Seven-year-old Swede cycles to Berlin
'Gaza conflict needs help, not empty rhetoric'
Swedes voted 'most beautiful' in the Nordics
Blog updates

27 July

Approaching Stockholm (Around Sweden in a kayak) »

"I woke up in the comfort of my own little cabin on Eva and Rolf’s boat, it was 7:30am and I was feeling a bit groggy after a couple of beers with all the lovely locals the night before. The previous day had really taken its toll on my body and I was very stiff and..." READ »


24 July

Sharing our Pride: Celebrating Love & the LGBT Community! (Stockholm in my American Heart) »

"It’s mid- July in Stockholm, and with much of the city on vacation, things can seem a little quiet – the streets, the bus, and the grocery store. One thing that has not paused for a summer break, though, is preparation for Stockholm’s Pride Festival, which will take place from July 28 to August 2...." READ »

Business & Money
Sweden demands EU clarity on Bitcoin tax
Swedish organic sales enjoy 'amazing' growth
Photo: Johan Nilsson/TT
What's On in Sweden
People-watching July 23
Swedish cops elect not to shoot 'angry elks'
Business & Money
New alcohol retail rules threaten micro-breweries
People-watching Båstad
Business & Money
Sweden falls to third in global innovation index
Swedish ornithologists keep webcam watch
Photo: Andreas Nordström/Image Bank Sweden
Top ten Swedish beach hot spots
Swedish Wiki vet sets new content record
Photo: Fastighetsbyrån
In Pictures: The Local's Property of the Week
Photo: Finest.se
People-watching July 15-16
Photo: Ola Ericson/Image Bank Sweden
What's On in Sweden
Photo: Lisa Mikulski
Hope springs eternal for expat pet shop owner
Princess Estelle steals limelight at mum's birthday
Swedes risk infants' lives by covering up prams
Swede runs for office just using Bitcoin funds
Sponsored Article
Introducing... Your finances in Stockholm
Sponsored Article
Introducing... Housing in Stockholm
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at: