Summer rally helped pension funds claw back some of their negative returns

Although a July rally in risky assets paved the way for a rebound when it comes to pension returns in Denmark, the gains are not enough to compensate from losses sustained at the first half of the year.

(left-right) Charlotte Strunk Hansen, head of risk at Veliv, Peter Lindegaard, CIO at Industriens Pension Sune Schackenfeldt, PBU CEO at and Nikolaj Holdt Mikkelsen, independent investment advisor | Photo: PR / Velliv, PBU, Industriens Pension,

After a cold winter and turbulent spring, the financial markets were more forgiving for pension savers in July.

A returns comparison compiled by independent investment advisor and former Danish country manager for Morningstar Nikolaj Holdt Mikkelsen found that on average, pension savers with medium risk and 15 years to retirement had returns of 5.5% in July.

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