AMWatch

PFA concerned despite strong start of the year

Negative returns from 2018 were more than accounted for in Q1. But large uncertainty remains as to what financial markets will bring now. "We’re balancing on a thin line," PFA CEO of Allan Polack tells FinansWatch.

Allan Polack, PFA's CEO | Photo: Ritzau Scanpix/Niels Ahlmann Olesen

Financial markets are off to a fine start, and for PFA Pension customers this means that last year’s loss has been more than restored after Q1 of 2019.

"We are pleased. The first quarter was fantastic. We have restored what was lost and then some – and from all types of assets. Normally, when equities go up, bonds go down, but in this case, we saw a positive development for all types because of the increasing equity valuations and decreasing interest rates," PFA CEO Allan Polack tells FinansWatch.

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