AMWatch

Bullish Varma beats main competitor on investment returns

In the second half of the year, investors will keep an eye on whether the rise in inflation will come to a halt as expected. If central banks tighten their monetary policy too quickly, economic growth would be at risk, says Varma's CIO Reima Rytsölä. Varma's exposure to listed equities is at an all-time high.

Varma's President and CEO Risto Murto. | Photo: PR Varma.

In Finland, the country's second largest mutual pension insurer Varma pulled in a record half-year result in its history in th first six months of 2021. The company's portfolio yielded a total return of 10.4 percent, or EUR 5.2bn, and the value of the investments grew to EUR 55bn. Equity investments and hedge funds performed especially well.

In comparison, Varma's main competitor Ilmarinen pulled in a total return of 8.9 percent over the first half for its portfolio totaling EUR 57.5bn.

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