Denmark’s ATP cuts equity allocation

Related Categories

DENMARK - ATP, the 250 billion crown (33 billion euro) Danish labour market supplementary pension scheme, returned –3% in 2002 and says it will be decreasing its allocation to equities.

Returns for the year from domestic equities and foreign equities were –23.7% and –31.2% respectively, while bonds produced positive returns of 10.6%.

A spokesman at ATP confirmed that the fund would be reducing its exposure to equities from 30% to 25%, with a further reduction likely to follow later this year. This time last year, the fund had 45% of its total assets invested in equities.

Cash from reduced equity holdings will be put into bonds, property and private equity, although predominantly the former.

In 2001, ATP also posted negative returns, losing 2.6%.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2466

    Asset class: Multi-asset funds.
    Asset region: Global.
    Size: EUR 30m.
    Closing date: 2018-08-16.

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

Begin Your Search Here