DENMARK - Danish pension provider ATP returned 4.2% in the first six months of the year in part because of strong domestic equity and private equity returns.
In its interim report for the first half of the year, ATP said the market return amounted to DKK15.2bn ($2.6bn), with its hedging activities returning record profits of DKK700m.
"International equities delivered a slightly negative return in H1. Against this backdrop, ATP´s performance is surprisingly good. We have been especially pleased with the large allocation of listed domestic equities and private equities in our portfolio, as these equities performed particularly well," said ATP CEO Lars Rohde.
ATP's total assets are DKK76.7bn. Listed domestic equities returned 10.5%, while private equity returned 13.4%.
Overall, equities returned 11.1%; interest rates, 5.6%; credit, 4.6%; inflation, 0.3% while commodities posted a loss of 2.5%.
Over the first half of the year, life expectancy increased by one month.
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