Denmark's ATP has already recovered from H1'20 losses

On the 09/01/20 at 4:09PM


Adrien Paredes-Vanheule

Danish pension fund ATP posted a negative 9.9% investment return for the first half of 2020 and gave up on DKK 11.6bn (€1.55bn) iin returns over the period. However, the institution said it has already recovered from its losses at the start of August.

In the first six months of the year, government and mortgage bond investments have been the main contributors (+ DKK 16bn together) while these in listed global equities resulted in a DKK 12.2bn drop. The Covid-19 outbreak has also impacted the performance of ATP's private equity and real estate portfolios whose negative returns amounted to DKK 2.8bn and DKK 1.2bn respectively.

Another coronavirus-related news from ATP is that it will soon administrate a DKK 10bn state aid fund aimed at helping large and societally critical companies that have been impacted by the corona crisis. The fund will be organised as an independent subsidiary, said ATP.  ATP's assets reached DKK 918bn (€123.3bn) as of end June 2020.

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