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overweight |
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| 13) The default fund's portfolio allocation is very heavily weighted in equities and especially overweights Swedish equities, given their minor role in global equity markets. We continue to have overweights versus the benchmark in countries with relatively high credit quality that we believe trade wide to their economic fundamentals. We have most of our overweights in countries with relatively high credit quality that are also trading attractively versus their economic fundamentals. |
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