One of the biggest Danish property investors, ATP RE, seeks to bring down its risk and tries to get out of a series of global investments in, for example, hotels, EjendomsWatch learns. In recent years, however, global investments have surged considerably.
The life insurance business of Swedish financial group Folksam was negatively affected by the coronavirus pandemic. However, solvency and assets under management of the total group increased during the first half of 2020, according to Q2 report.
A significant part of the dramatic fall we saw on stock exchanges earlier in the spring has been recovered, says CEO Johan Sidenmark of AMF's first half. Final figures are expected to be published in late August.
Danish business media Finans reports that three of PFA's alternative investments are not going as well as hoped. The pension company, however, completely disagrees – at least concerning two of the investments.
Tundra's funds peaked in 2018, after which the company saw strong outflows also continuing somewhat into 2019. CIO Mattias Martinsson, who in June said he didn't expect more investors to give up on the asset class this year, is hopeful of the upcoming US election. "The election can enable investors to note there is a new president with a more positive outlook on the outside world," he says.
The fixed income portfolio of Danmarks Grundforskningsfond invests in government and mortgage bonds and constitutes the largest part of its assets. Some 37 percent of the strategic allocation is managed by Nykredit.
To accommodate increasing electricity demand from developing countries over the next decade, Industriens Pension plans to increase investments in wind and solar energy. The pension fund has just invested DKK 1bn (EUR 134.4m) in an energy fund focusing on renewable energy projects in emerging markets.
Whilst the decisions reached at the recent EU summit reduce the probability of falling into a long recession, the ongoing pandemic can have a significant psychological impact, says Varma's CEO Risto Murto.
The Swedish government is trying to support local businesses in the pandemic, but simultaneously the reform is detrimental to Swedish business, argues Göran Espelund of Lannebo Fonder. Managing Director of Evli Fund Management Tero Tuominen believes that radically decreasing funds on the Fondtorget is not optimal.
Some of the world's largest coal mines are still part of PKA's portfolio despite their fresh, more strict investment policy. Other Danish pension funds and the Norwegian oil fund exclude these coal mining giants.
Since signing a contract to manage the private fortune of incoming Norwegian oil fund chief, Nicolai Tangen, Gabler is ready to offer active asset management to other investors. According to Gabler, Danish Pension funds are interested.
Distanced annual general meetings (AGMs) make it harder for shareholders to form opinions about proposals put to the vote. In Sweden, national pension fund AP4 is in favor of companies providing real-time voting opportunity at their AGMs.
Danish pension fund Velliv is one of the first investors in Nuveen's new Global Impact Strategy, targeting six UN SDGs to tackle income inequality and climate change in the wake of the covid-19 pandemic.
Only 22 percent of sovereign investors aim to increase their equity allocations over the next twelve months, and those that do will proceed cautiously, states Invesco’s annual Global Sovereign Asset Management Study.