• 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)

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
keith,

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
National
Teens in intensive care after school 'initiation'
Photo: Peder Skrivares school

Teens in intensive care after school 'initiation'

School inspectors are investigating after an initiation ceremony at a high school in Varberg in south west Sweden left four girls in hospital. READ  

National
Pirate Bay Swede 'mistreated' in jail
Peter Sunde. Photo: TT

Pirate Bay Swede 'mistreated' in jail

The brother of Pirate Bay co-founder Peter Sunde has questioned the conditions of his brother's Swedish jail, slamming both the institution and the guards. READ  

Elections 2014
Fresh election fears in divided Sweden
Sweden Democrat leader Jimmie Åkesson may not support a Social Democrat budget. Photo: TT

Fresh election fears in divided Sweden

UPDATED: The leaders of Sweden's main political parties have been called to parliament as speculation grows that the Sweden Democrats could hold the key to new elections. READ  

Presented by Stockholm Business Region
Introducing... the Stockholm collection
Photo: Imagebank Sweden

Introducing... the Stockholm collection

Moving to Stockholm, or just dreaming about it? Either way, this is your ultimate guide: for housing, finances, insurance, business, and so much more. READ  

In Pictures: The Local's Property of the Week
Photo: Fastighetsbyrån

In Pictures: The Local's Property of the Week

Time for some luxury this week - we're heading to a sprawling Eskilstuna property with a location and view to die for. READ  

National
Row over viral 'Nazi receipt' in Swedish shop
A cashier in a Coop supermarket: Photo: TT

Row over viral 'Nazi receipt' in Swedish shop

A photo of a till receipt with the Nazi slogan "Sieg Heil" printed on it has gone viral in Sweden, with supermarket chain Coop launching an internal investigation. READ  

Society
Sweden tops 'financial well-being' rankings
Sweden's family-friendly policies contribute to well-being. Photo: TT

Sweden tops 'financial well-being' rankings

Swedes have fewer money concerns than people from any other European country, according to the latest major report on global well-being. READ  

National
King Carl XVI Gustaf 'unhurt' after crash
The King of Sweden. Photo: TT

King Carl XVI Gustaf 'unhurt' after crash

UPDATED: Sweden's King Carl XVI Gustaf has been involved in a car accident but is unhurt, the Royal family's press office has confirmed to The Local. READ  

Elections 2014
Migration minister calls Feminists 'a dark force'

Migration minister calls Feminists 'a dark force'

Sweden's Migration Minister has said in a Facebook post that both the Sweden Democrats and the Feminist Initiative parties were "dark, gloomy, and destructive forces". READ  

The Local List
Ten Swedish designs that made life better
Playsam

Ten Swedish designs that made life better

Sweden has produced an indecent number of design classics. We take a look at some of the best - from toys to furniture, fabric designs to telephones, packaging to super-safe headwear. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Gallery
Property of the week - Eskilstuna
Sponsored Article
How to start a business in Stockholm
Society
How I became a surf blogger when I moved to Sweden
Gallery
People-watching: September 13th
Society
Why is Stockholm's Södermalm so cool?
Blog updates

17 September

Deep election analysis (Blogweiser) »

"You think you’re bad? Well I’m American. http://www.youtube.com/watch?v=NFbomLID0vU Deep deep analysis on Swedish election results. Vlog post: https://t.co/tjQgfa5Yie #svpol #val2014 #politics pic.twitter.com/oEK5ADFT8L — Joel Sherwood (@joeldsherwood) September 17, 2014 " READ »

 

15 September

Liten, litet, små & lilla (The Swedish Teacher) »

"Hej igen! Have you ever been confused about when to use “liten”, “litet”, “små” and “lilla”? Today I’m going to sort out how use the adjective “liten” (small) and the different forms of it. Liten or litet? “Liten” is the form we will use when referring to a noun with the gender “en”. For example: Min pappa har en..." READ »

 
 
 
Gallery
People-watching: September 11th
Gallery
People-watching: September 13th
Politics
Five possible election outcomes
Politics
Sweden elections: How do they work?
Politics
Sweden elections: Who's who?
Lifestyle
What's on in Sweden
Gallery
Property of the week - Hornstull, Stockholm
Analysis
Five differences between the UK and Sweden
Welshman Jonny Luck is now a chef in Sweden
Society
How I opened my own restaurant in Sweden's Malmö
Sponsored Article
Stockholm tech fest: relive the magic
Gallery
People-watching September 8th
Photo: TT
Politics
Feminists fight for first seats
Politics
Immigration cut push from Sweden Democrats
Sheryl Sandberg says women have "low expectations"
Tech
Facebook exec talks women's limits in Swedish business
Politics
Left Party calls for justice and equality
Politics
Green Party wants 'better world' for kids
Lifestyle
The five best Swedish songs of the month
Sponsored Article
Introducing… Insurance in Stockholm
National
Huge clear up underway after Skåne floods
Politics
Sweden's Alliance reveals full manifesto
Tech
Sweden's highest peak to lose title next year
Sponsored Article
Graduates: Insure your income in Sweden with AEA
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

855
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:
www.swedishdowntown.com
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:
http://psdmedia.se
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.
AA-EUROPE.ORG/SWEDEN