PE and RE balance equity losses at Finnish pension giants
Ilmarinen and Varma report equities as the weakest asset class in 2018 overall, with markets plagued by jitters over economic growth.
Reeta Paakkinen
Both of Finland’s largest mutual pension insurance companies recorded negative returns on their investments for 2018. While Ilmarinen’s EUR 46bn portfolio yielded a negative 1.4 percent, Varma’s EUR 44 billion investments ended the year with a minus of 2.0 percent.
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