Danish pension fund ATP, Hilleroed, returned 12%, or 11.5 billion Danish kroner ($1.71 billion), on its investments in the six months ended June 30.
That compared with a 9.4%, or 8.8 billion Danish kroner, investment return for the six months ended June 30, 2014. Returns for the six months ended Dec. 31 were not available by press time.
ATP's assets increased 7.8% in the year to 691 billion Danish kroner.
A financial update showed equity investments were the top contributors, yielding 7 billion Danish kroner. Listed Danish equities accounted for 5.1 billion Danish kroner of that return. The pension fund's unlisted equities portfolio, which consists primarily of international equities, added 1.8 billion Danish kroner, while listed international equities added 100 million Danish kroner. Percentage returns were not provided.
“The yield was especially high on shares, property and infrastructure in a half-year which was characterized by extreme interest rate fluctuations,” said CEO Carsten Stendevad in the update.
A spokeswoman for ATP could not be reached for comment by press time.