Finnish earnings-related pension assets increased by €2bn during the second quarter of 2023, statistics from the Finnish Financial Supervisory Authority have revealed.

As a percentage, for the year to date the return was 3.1 per cent, in nominal terms, and in real terms (minus the effect of inflation) the return was 0.2 per cent. During the second quarter of 2023, assets increased reached €243bn. Investment assets in the private sector accounted for €154bn and investment assets in the public sector for €89bn.

In terms of distribution, investments in equities and equity-like instruments was €132bn (54 per cent), fixed-income investments €66bn (27 per cent), real estate investments €23bn (10 per cent) and alternative investments €22bn (9 per cent).

In a blog post for the Finnish Pension Alliance (Tela), its analyst, Kimmo Koivurinne, said: “Returns on investments were boosted by the good performance of the international stock markets earlier this year. The fixed-interest markets also yielded returns. Meanwhile, the property markets and alternative investments treaded water.”

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