First State De-Registers Funds From PPM

Australian fund manager,First State Investments, is de-registering four of its funds from Swedish premium pension system,PPM,IPEreports. The move comes due to transparency concerns and issues with ‘mass-transfers.’

PPM, managed by Swedish pensions agency,Pensionsmyndigheten, did not offer enough transparency about the unpredictable inflows and outflows into the funds. Some of First State’s funds are reaching their capacity limits.

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