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By Rachel Fixsen2021-01-15T15:16:00+00:00
Danish pension fund manager PKA reported a 5.3% return on investments for 2020, below its 7% average over the last 10 years, saying its infrastructure and real estate investments lent an element of stability to the portfolio when equity markets were at their most volatile.
The firm, which manages around DKK330bn (€44.4bn) for four labour-market schemes, said in today’s investment results announcement that in absolute terms, the return on investments came in at DKK14.4bn.
Michael Nellemann Pedersen, PKA’s CIO, said: “We focus on being able to create a stable return for our members, even when the markets move a lot, as they did in 2020.