Hyppää sisältöön

Fixed income investments

The fixed income investments of the Church Pension Fund have been diversified to eight sub-portfolios: government bonds, Investment Grade corporate bonds, High Yield corporate bonds, convertible bonds, emerging market bonds, short term credit, money market and alternative fixed income.

The fixed income investments of the Fund are generally made through mutual funds.

The Church Pension Fund's fixed income investments on 31.12.2021:

Government bonds 4 %, IG corporate bonds 9 %, HY corporate bonds 9 %, Convertible bonds 7 %, Emerging market bonds 11 %, Short term credit 21 %, Money market 19 %, and Alternative fixed income 20 %.

The annual fixed income investment returns 2014-2021*:

2014 5.9 %, 2015 -0.8 %, 2016 6.5 %, 2017 3.9 %, 2018 -2.7 %, 2019 5.4 %, 2020 2.9 % and 2021 1.8 %.

*Alternative fixed income is included in fixed income starting from 2020 (previously in alternative investments).