Returns
In-depth reporting on investment returns for our pension fund and asset management readers from IPE’s award-winning journalists
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AnalysisIPE Netherlands Briefing: PME reports long-term ESG outperformance
Dutch pension fund PME has used its latest annual report to defend its ESG investment approach, which has come under criticism from some politicians, by highlighting the outperformance generated by its sustainability filters since 2019. The €59bn pension fund for the electronics and technology sector said its customised equity index, ...
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NewsSwiss pension funds increase domestic equity exposure as funding ratios surge
Strong equity returns and higher domestic allocations lifted Swiss pension funds to historic funding highs
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NewsPME credits ESG filters for equity outperformance despite benchmark lag
Dutch pension fund says ESG screening enhanced equity returns, despite underweight to US technology
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AnalysisIPE Netherlands Briefing: New ABP index strategy disappoints
The index is based on ABP’s own ESG criteria and excludes several hundred companies, mainly in the US, including Alphabet (Google) and Meta (Facebook)
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NewsPublic market allocations drive 8% return for Church Commissioners in 2025
2025 performance marks 17th consecutive year of positive returns
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NewsFidelity FutureWise grows to £25bn amid UK DC private markets push
The FutureWise workplace pension strategy has grown from £6.5bn since adopting a target date fund (TDF) structure in 2022
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NewsUK DC consolidation drive gathers pace as L&G default fund reaches £25bn
L&G says its flagship DC default fund exceeded government scale ambitions and private markets commitments
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NewsPGB defies trend with positive 2025 return – but only just
The Dutch multi-sector fund reaped the benefits of strong equity returns and a higher dollar hedge
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NewsVatican bank boosted by pension fund gains as net assets rise to €815m
Improved pension fund reserves and investment gains helped drive Vatican bank profitability and net assets higher
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NewsWeak dollar drags PFZW into loss despite strong credit performance
Dutch healthcare pension fund saw climate transition mandate make a 20% loss on returns
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NewsNBIM’s Tangen warns lawmakers of SWF’s unprecedented big tech concentration
AI development going faster ‘than seen before’, says NBIM CEO, as finance minister points to ‘great risk’ of concentration
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NewsInarcassa pulls €500m from US equities in portfolio rebalancing
Italian pension funds see Q1 volatility weigh down returns, with sub-funds for Cometa and Pegaso returning negatively
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NewsSiemens Pensionskasse targets direct lending to capture illiquidity premium
The Swiss pension fund refined its investment strategy and improved its risk/return profile following an ALM
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NewsFinnish pension CEOs say cuts talk is about weak state finances
Keva, Ilmarinen, Varma and Veritas reveal losses for January to March of between -0.1% and -0.5% after Iran war shook markets
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AnalysisIPE Netherlands Briefing: Dutch pension fund returns disappoint
Dutch pension funds delivered an average return of -2.9% in 2025 as positive equity returns failed to compensate for losses made on bond portfolios
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NewsNBIM beats benchmark in Q1, as three of SWF’s four asset classes contract
Norway’s giant SWF takes -1.9% hit on investments in the first quarter, with only unlisted real estate in positive territory at end of March
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NewsElo doubles pace of Finnish unlisted growth bets with €100m push in H1
Finnish pensions insurer posts narrowly positive Q1 return as bonds, property gains offset equities losses
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NewsRising rates wipe out asset gains as Dutch pension returns fall to -2.9%
HAL pension fund, the €166m pension scheme of the owner of FD Mediagroep (IPE’s parent company) returned 14%
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NewsPFA says moves to underweight US stocks, tighten dollar hedging paid off
Danish pension funds upbeat about their ability to weather war-triggered market rout
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NewsSwedish premium pension’s default fund paid off for most savers, agency finds
0-pp[Just over 13% of pension savers picking own funds actually outperformed AP7’s default product Såfa since the start, Pensionsmyndigheten reports
