Pension investors overcome market panic
August proved less frightening for stock and pension investors than initially feared, despite a sharp decline in global stock indices triggered by weak US job figures and a higher Japanese interest rate on August 5. Investment Director Poul Kobberup from Danica Pension reported that markets recovered steadily as positive economic data emerged later in the month, resulting in nearly 1 percent gains for many customers. He emphasized the importance of diversified portfolios across asset classes, which have led Danica customers with medium investment risk and 20 years until retirement to an 11 percent return this year. Kobberup highlighted the resilience of a broad investment strategy and does not foresee a change in strategy for the remainder of 2024 despite current global unrest, citing a fundamentally sound underlying economy.