SWEDEN - AMF Pensions has become the latest Swedish investment outfit to gain accreditation under GIPS – the global investment performance standards.

The SEK7.2bn firm, which manages a series of mutual funds for investors in the PPM system, institutional clients and for the fund insurance arm of the AMF group, was certified by Deloitte & Touche.

Fredrik Nordström, managing director of AMF Pensions, explains one of the main reasons for pursuing the GIPS standard: “For companies that are about to sign up for supplementary schemes, when they buy insurance services from companies for their employees sometimes our funds will be used in those schemes. Therefore I think it is a good idea to show them that we are GIPS certified.”