The ATP Group has clocked a 23.3 percent investment return at the end of 2020, representing a total of DKK 29.9 billion ($5 billion), the pension fund’s second-best annual results ever.
ATP, Denmark's largest pension company, said the results were primarily driven by record-high returns in the investment portfolio, despite the challenges brought on by the COVID-19 pandemic.
However, infrastructure pulled things in the opposite direction, realizing negative returns of DKK 1.7 billion ($277 million).
“COVID-19 caused very significant financial market fluctuations in 2020, and as one of Europe’s largest pension funds we have faced a complex and demanding task when navigating extremely turbulent markets,” said Bo Foged, CEO of ATP. “But ATP’s investment muscles are toned and fit and we were well prepared.”
Despite the strong results of 2020, ATP expects uncertainty and fluctuations to continue to dominate the markets in 2021. As a result, ATP ex