The total amount of investment assets in the Finnish earnings-related pension system reached €239bn at the end of June 2022, Tela has revealed.

It was also revealed that, during the second quarter of 2022, the assets decreased by around €9bn, with investment assets in the private sector accounting for €151bn and investment assets in the public sector for €88bn.

Tela detailed the distribution of investment assets by investment types, showing that investments in equities and equity-like instruments made up 53 per cent, fixed income investments accounted for 28 per cent, real estate investments made up 9 per cent and alternative investment also made up 9 per cent.

Tela also reported the distribution of investment assets by region, showing that assets invested in Finland made up 23 per cent, investments in other euro countries made up 16 per cent and assets in non-euro are countries accounted for 61 per cent.

Investment returns for the first half of the year 2022, in nominal terms, was -5.6 and in real terms, -10.7 per cent.

Tela additionally provided a breakdown of the returns per investment type for the whole sector, and the year so far, showing that the average returns on investments in equities was -8.3 in nominal terms and -13.2 per cent in real terms.

Average returns on fixed-income investments were -9 per cent in nominal terms and -11 per cent in real terms.

It also detailed that average returns on real estate investments were 3.1 per cent in nominal terms and -2.4 per cent in real terms, and average returns on alternative investments was 3.2 per cent in nominal terms and -2.3 per cent in real terms.

From 2017 to quarter two 2022 returns were 5.6 per cent in nominal terms and 3.4 per cent in real terms, and from 2012 to quarter two 2022 returns were 6.4 per cent in nominal terms and 4.7 per cent in real terms.

It also showed that, starting from 1997, returns were 5.9 per cent in nominal terms and 4.1 per cent in real terms.

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