An independent industry comparison has revealed that Danish pension company P+ has generated strong returns among market interest products in 2025.

Research house Nikolaj Holdt Mikkelsen found that P+ Sustainable and P+ Lifecycle emerged from April with modest yearly declines for members with 15 years to retirement and medium risk, placing them in the top three in the industry.

Looking at average returns over the past three years through April, the two investment profiles generated the best returns across the industry.

P+ Lifecycle recorded an annual return of 6.7 per cent, while P+ Sustainable achieved an annual return of 7.6 per cent.

Since the industry comparison in April, there were positive returns in all asset classes and investment profiles across market interest and average interest products, despite global market uncertainty.

P+ investment director, Jasper Riis, commented on the findings: "We are very pleased to have delivered positive returns in 2025 across investment profiles, and this also means that we are strong in industry comparisons. We have made minor adjustments to our strategic portfolio composition throughout the year but stuck to the overall investment strategy."

According to Riis, the total return was mainly driven by riskier assets such as listed stocks and private equity.

"The market has been surprisingly quick to recover given that tariffs still appear to be being imposed - although they do not appear to be as severe as those Donald Trump first indicated," he added.

Looking ahead, however, Riis acknowledged that tariffs still created uncertainty, especially regarding the American economy.

"Even with lower tariffs, there is still a tax on the US economy. It remains to be seen to what extent US companies absorb the higher costs and to what extent they pass them on to consumers.

"There is a possibility that a strong US economy can continue to roll on, but as we look further out, there is more uncertainty," he concluded.

---