PFA Pension, Copenhagen, Denmark, posted a 13.7% gross return on its investments in the nine months ended Sept. 30, boosted by equity markets.
An update Monday said the Danish pension company's gain equaled 57.3 billion Danish kroner ($6.2 billion) in the nine months compared to 8.3 billion kroner in the same period a year ago.
Assets rose 28.5% in the period to 740 billion Danish kroner from 576 billion Danish kroner as of Dec. 31.
For the nine months ended Sept. 30, the largest return by asset class was in listed equity, which gained 18.8% thanks to exposure to U.S. equity, vs. 4.2% for the same period in 2018.
The bond allocation returned 5.8% for the nine months ended Sept. 30, compared with a loss of 0.1% in the same period in 2018.
Alternative investments added 8.6% compared with a 4.5% return a year earlier. Real estate gained 4.1% in the nine months compared with 6.3% in the same period in 2018.
2019 has turned out to be a very good year for savers, who have gained on market swings, PFA CIO Kasper Lorenzen said Monday in a news release.
"We have seen dropping interest rates and a bond market that performed well simultaneously with the equity market," he said. "Also, property and alternatives have yielded strong returns, making this a year where everything seems to form a synthesis."