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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (66373)	8/18/1999 2:56:00 PM
From: per strandberg	Read Replies (2) of 132070

Excerpt from the leading Swedish economy newspaper: Investment companies put on safety belts Major players on Swedish financial markets, including Investor, Industrivärden as well as the major funds are converting some of their stock holdings into cash because of fears of a coming decline in stock prices. Anxiety about autumn stock market storms has picked up as the ghost of inflation rears its head in the form of interest rate hikes. At stake is this years average increase of Swedish shares of nearly 20 percent. On Monday, for example, Industrivärden unloaded its longstanding investment in AGA, bringing the investment firm a capital gain of SEK 3 billion. The deal reduced Industrivärdens stock portfolio by nearly 10 percent. The stock market looks shaky this fall and that means that it can be smart to have cash on hand," comments Industrivärden CEO Clas Reuterskiöld.

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