Sampension delivers DKK 10.3bn in returns despite Covid-19 volatility

Sampension customers have seen year end market returns of up to 7.7 per cent, depending on age and risk profiles, despite returns previously falling to -17.2 per cent amid market volatility in March.

Combined with an average interest rate return of 6.5 per cent, this saw the group achieve a total of DKK 10.3bn in returns in 2020 for its customers.

The provider confirmed that a customer with 15 to 30 years to retirement and a moderate risk profile, for instance, will have benefited from returns of up to 6.6 per cent, whilst those in the same age group but on a higher risk profile will have seen growth of 7.7 per cent.

In addition to this, the group also highlighted the findings of an independent return report, which found that Sampension had achieved the market’s second highest return in the fourth quarter for customers with moderate risk and 15 years to retirement.

Commenting on the performance, Sampension CEO, Hasse Jørgensen, stated: “It is satisfying that, despite the market turmoil, we managed to deliver quite good returns for the year.

“We must state that 2020 has also been a completely unusual year in terms of investment. Our equity portfolio has been structured in a way that hit us in the short run as the stock markets plunged in the spring, yielding a very unsatisfactory return.

“Especially in November and December, we got a big profit back home, and overall I think we can be well satisfied with the end result when it comes to the return in 2020.”

He added: “At Sampension, we work to deliver high, long-term risk-adjusted returns over several years. Therefore, we have a somewhat cautious and structured investment strategy. We have maintained that course in 2020, and we expect that it will be an advantage in 2021.”

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