​Velliv reins in equities exposure on 2020 growth jitters

Posted On Sep 29 2020 by

first_imgThe MSCI World index fell by 3.6% in euro terms over the course of 2018, but since the start of 2019 to 1 April the index rose by 16.1%.Velliv reported that, although DKK100 of customer savings at the beginning of 2018 had fallen to roughly DKK95-96 by the end of last year, it had risen to DKK103 at the end of March 2019.Christiansen said: “The development clearly shows that one must be careful not to think too short-term. Patience pays off.”He added: “There is a prospect of a good ending to the trade war between China and the United States. At the same time, the Chinese are doing everything to stimulate their finances. Finally, the US central bank has clearly signalled that it is no longer so busy raising its interest rates.”To illustrate the strength of long-term returns, Velliv reported that its VækstPension Aktiv product, with medium risk and 15 years to retirement, produced an accumulated return of 100% over the past 10 years, despite the loss in Q4 2018.Velliv had DKK219bn (€29bn) in total assets at the end of last year. Danish pension fund Velliv is to slow down the pace of its investment into equity markets because of uncertainty around economic growth that it predicts is looming on the horizon next year.The fund, which changed its name last year from Nordea Liv & Pension Denmark, said market returns in the first few months of 2019 had more than made up for the investment losses it reported for 2018.This recovery was due in part to the pension fund’s strategy of investing customers’ savings in a higher amount of equities this year, Velliv said, after turbulent financial markets in the fourth quarter of 2018.Anders Stensbøl Christiansen, CIO of Velliv, said: “In light of the significant increases in the stock markets in just two months, we are now slightly slowing down the share portfolio – also because in 2020 we see some uncertainty about global economic growth.”last_img read more

India achieves their highest medal tally in South Asian Games

Posted On Sep 16 2020 by

first_img FOLLOW US WATCH US LIVE Gloria Methri SUBSCRIBE TO US Last Updated: 10th December, 2019 22:03 IST India Achieves Their Highest Medal Tally In South Asian Games The Indian contingent claimed 310 medals, including 172 gold, 93 silver, and 45 bronze medals, which is highest medal tally in the history of South Asian Games First Published: 10th December, 2019 22:03 IST LIVE TVcenter_img India sets new record!India create a new record at the #SouthAsianGames with as they reach 312 medals, three more than their tally in 2016. India won 174 golds, 93 silver and 45 bronze medals. Many congratulations to all the athletes for the fantastic feat.#SAG2019 #TeamIndia https://t.co/sc5nCvfVDe pic.twitter.com/7MOWjMTKye— SAIMedia (@Media_SAI) December 10, 2019 COMMENT Acing in the South Asian Games, on Tuesday India claimed the highest medal tally in the history of the tournament. The Indian contingent claimed 310 medals, including 172 gold, 93 silver, and 45 bronze medals. SAI Media tweeted about the achievement and congratulated the athletes for the fantastic feat. Written By READ | Record: 15 Indian Boxers Reach Final For Gold At South Asian GamesIndia had bagged 309 medals in the 2016 edition of the South Asian Games. This year, the contingent has broken its own record by winning 310 medals. Nepal has secured the second position in the tournament, with a total of 204 medals. Sri Lanka and Pakistan secured the third and fourth positions respectively. The contingent bagged a total of 279 medals on Monday. But the athletes have been able to add 31 more medals to take the total tally to 310. The South Asian Games 2019 concluded on December 10.READ | South Asian Games 2019: India Continues To Dominate With 214 MedalsIndian women’s 3rd straight gold in South Asian GamesBala Devi was the star of the show again as she netted a brace to guide India to a comfortable 2-0 victory over the hosts in the final of the South Asian Games in Pokhara, Nepal on Monday. With this, the Indian women’s team won its third consecutive gold medal at the Games. The 29-year-old striker also ended as the top-scorer of the tournament, netting five goals in four matches.India went on the offensive from the very start, as the likes of Sangita Basfore and Ratanbala Devi dominated proceedings from the middle of the park. Ratanbala had the first clear-cut chance for India, as she lined up her shot off a Ranjana Chanu cross. However, her shot whizzed over the crossbar.READ | Bala Devi Scripts Indian Women’s 3rd Straight Gold In South Asian Games(With inputs from ANI) last_img read more

Oliveros, Bengoa lead Rialto

Posted On Jan 11 2020 by

first_imgOrange Lutheran 3 Senior Obi Agwu scored two goals as the Braves (15-5-6) defeated the Lancers to advance to the second round for the fourth consecutive year. Larry Llama scored a goal and had two assists in the victory for Alta Loma. Damien 2, Palmdale 1, 2OT Davis Paul scored in the 91st minute after a pair of headers by teammates Ken Leslie and Anthony Ontiveros gave him a clear shot in front of the net as visiting Damien (17-3-4) defeated Palmdale (18-7-2). DIVISION I Alta Loma 4, Memo Oliveros and Juan Bengoa scored goals as the Rialto boys soccer team defeated Moreno Valley Valley View 2-0 on Saturday in the first round of the CIF-Southern Section Division II playoffs. Jose Gonzalez had an assist while Ivan Bahena contributed two saves for the host Knights (21-5-1). center_img Dion Acoff also scored in the 62nd minute for the Spartans. DIVISION IV Bloomington 1, Hemet West Valley 0 Sophomore Luis Nolasco scored the lone goal off a Cesar Arenas corner kick as the Bruins (15-6-5) defeated West Valley. Bloomington advances to play La Quinta, a 5-0 winner over Pomona on Friday. DIVISION V Colton 8, Verbum Dei 0 Jose Rincon scored three goals to lead the Yellowjackets in their playoff opener. Josh Garcia and Wissam Itani combined on the shutout in goal for Colton (16-5-4), which faces Apple Valley in the second round. San Gorgonio 4, Beaumont 3 Freshman Miles Byass scored two goals to lead the Spartans (18-6-4) over the Cougars. Josh Walker and Victor Iniguez also scored for San G., which plays Hesperia on Wednesday at a site to be determined. DIVISION VI Arrowhead Christian 2, Bishop Union 0 Alan Supernaw and Sumin Parks each scored a goal as the Eagles (18-4-3) defeated the Broncos. Arrowhead Christian advances to the second round for the second year in a row. Ontario Christian 3, Avalon 1 Jason Fredrickson scored three goals as the Knights (14-8-2) defeated the Lancers to advance the second round for the seventh consecutive year. Sam Chappell had seven saves in the victory. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more