Finnish earnings-related pension provider Elo made a return of €68m, equivalent to 0.2 per cent, in the first quarter of 2026, it has revealed.

Publishing its first-quarter results, the pension company noted that investment markets were marked by geopolitical crises, fluctuations in inflation expectations, and uncertainty in the fixed-income markets.

In response to the result, Elo chief investment officer, Jonna Ryhänen, stated that Elo’s investments take a “long-term and systematic approach, regardless of short-term market fluctuations”.

“This allows us to safeguard pension assets even in uncertain times,” she added.

The pension company also revealed that its investments in Finnish growth companies are approaching the €1bn mark, corresponding to approximately 3 per cent of its investment portfolio.

Elo CEO, Carl Pettersson, said: “Last year, we invested over €100m both directly in growth companies, such as IQM and ReOrbit, and specifically in domestic private equity funds. We are picking up the pace this year, and we will invest another €100m in growth during the first half of the year alone.

“Our investments in the Finnish growth sector have been profitable over the past 10 years, as the return on these investments has been approximately 14 per cent per year.

"Therefore, we believe that our core mission to invest pension assets profitably and securely has also been fulfilled in Finnish growth investments.”

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