Carnegie Fonder, which has about 70 billion kronor ($7 billion) under management, is brushing off recession worries and raising its stakes in Swedish banks.
In an interview, Chief Executive Officer Hans Hedstrom said Stockholm-based Carnegie Fonder is again increasing its exposure to equities after having reduced it in the spring and early summer months. In particular, it recently added in SEB AB and Swedbank AB, following a selloff in the sector related to concerns over the fallout from alleged money laundering scandals at Swedbank and Danske Bank A/S.