KLP boosts sustainable investments; posts moderate H1 return

Norway's KLP has delivered a return of 2.3 percent in the first six months of 2018. The pension provider spent the period building up its investments in climate-friendly assets and launched the country's first Swan-labeled equity fund.

Sverre Thornes, CEO at KLP. | Photo: PR:KLP

Norwegian municipal pensions provider KLP reported a return of 2.3 percent in the first six months of 2018, with investments in real estate and its portfolio of bonds that are held to maturity contributing positively to the result.

Real estate made a 4.3 percent return in the second quarter of this year, and the asset class -- which consists almost entirely of properties based in Norway, Sweden and Denmark -- now amounts to 13 percent of KLP's main collective portfolio

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