Sustainable funds outperform with lower fees, says Swedish Pensions Agency

first_imgSustainable pension funds on offer within Sweden’s Premium Pension System (PPM) have had both higher returns and lower fees on average in the last five years than other funds, according to new data from the Swedish Pensions Agency.In its report ’Statistics on sustainable funds within the Premium Pension System’, the Swedish Pensions Agency (Pensionsmyndigheten), the government body which administers and pays national pensions and provides information about pensions, says funds included in the PPM fund marketplace bearing the “M/E” environmental/ethical label had lower fees and higher returns over the five years to the end of December 2015 than other funds.The M/E label is given to funds that take environmental and/or ethical considerations into account in their investment approach.Niklas Näsström, financial analyst at the Swedish Pensions Agency, said: “It is clear that sustainable funds have lower fees than other funds.” This was true regardless of whether the analysis was based on capital-weighted or unweighted average fees, he said.The average return for M/E-labelled funds in the last five years is 5.5% compared with 4.1% for other funds.The outperformance observed applied to all types of fund except bond funds, the agency said, with the same comparative result apparent for equity funds, mixed funds and generation funds, where risk is reduced as the saver gets older. In the case of bond funds, however, which are a small proportion of the overall funds on offer, other funds had performed better over the period than those with the environmental/ethical label.The proportion of sustainable funds among all PPM funds has been increasing gradually since 2009 and reached 23% in 2015, according to the data.last_img read more

Syracuse men’s basketball falls from AP Top 25 for first time this season

first_imgSyracuse (5-2) dropped out of the Top 25, from the No. 22 spot, for the first time this season after a 17-point loss to Wisconsin on Tuesday night and a narrow six-point win over North Florida on Saturday.After losing to South Carolina last weekend, the Orange fell to No. 22 from No. 18 and two unimpressive performances this past week knocked SU out of the poll completely.The Badgers, who were ranked No. 17 last week, stayed at No. 17 following its blowout wins over Syracuse and Oklahoma.Five Atlantic Coast Conference teams are ranked: No. 5 Duke, No. 7 North Carolina, No. 11 Louisville, No. 14 Virginia and No. 23 Notre Dame. The top five features Villanova, UCLA, Kansas, Baylor and the Blue Devils.The Orange faces Connecticut (3-4) on Monday at 7 p.m. at Madison Square Garden.AdvertisementThis is placeholder text Comments Published on December 5, 2016 at 12:43 pm Contact Paul: pmschwed@syr.edu | @pschweds Facebook Twitter Google+last_img read more