annual report 2020 - Flipbook - Side 12
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2020
Table 9
INVESTMENT ACTIVITIES
Distribution of asset types
Exposures carried forward
2019
Asset type
Exposures carried forward
2020
DKK mill.
%
DKK mill.
%
37,055
19.6
39,699
19.9
6,099
3.2
8,685
4.4
Emerging-market bonds
15,226
8.1
15,918
8.0
High-yield bonds
10,499
5.6
10,885
5.5
9,756
5.2
10,659
5.3
Gilt-edged bonds
Other credit
Investment-grade bonds
Danish shares
12,506
6.6
15,062
7.6
Foreign shares
37,515
19.9
42,840
21.5
Unlisted shares
20,552
10.9
21,766
10.9
9,523
5.0
9,967
5.0
Properties
Infrastructure
20,392
10.8
17,279
8.7
Other strategies
86
0.0
102
0.1
Money market *
8,417
4.5
4,620
2.3
Strategic hedging
Total
1,297
0.7
1,928
1.0
188,921
100.0
199,409
100.0
* Calculated as funds at bank plus counter-value of financial instruments plus
market value of financial instruments.
Investment assets
Investment assets valued for accounting
purposes rose from DKK 192 bn. at the end of
2019 to DKK 204 bn. at the end of 2020. If
derivative financial instruments with a negative
value are included, the net exposures to
investment assets amounted to DKK 199 bn. at
the end of 2020, against exposures of DKK 189
bn. at the end of 2019.
On www.industrienspension.dk there is a list of
investments made by Industriens Pension.
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