Gildi’s mutual pension division had assets of ISK 1,116.6 billion at the end of 2024. The department’s assets developed in the following way in 2024 (note that all figures are in ISK billions):
*Including ISK 2.7 billion disability contribution from the national treasury
Below you can find information about returns, asset composition, and the investment strategy of Gildi’s mutual pension division. Detailed information can be found in the fund’s Annual Reports, which can be accessed here.
The net nominal return of Gildi’s mutual pension division in 2024 was 11.8% but was -6.7% in 2023. The net real return was 6.7%, compared to -1.2% the previous year.
The average nominal return of the mutual pension division for the last five years amounts to 10.0% and a total of 8.5% for the last ten years.
The average real return of the mutual pension division for the last five years amounts to 3.0% and 4.3% for the previous ten years.
Gildi is a long-term investor whose main objective is to secure the best possible pension rights for its fund members and to maximize their pension payments. The fund formulates an annual investment strategy that defines the fund's priorities as a long-term investor. In formulating and implementing the strategy, the interests of fund members are always used as a guiding principle.
When creating the investment strategy, consideration is given to the state and outlook in financial markets, both domestically and abroad. Long-term expectations for major industries, regions, asset classes, and currencies are also assessed. For this purpose, the fund engages in dialogue with analysts and market participants, which is also part of the fund's ongoing analytical work throughout the year. The final strategy is based on long-term prospects and sustainable return opportunities rather than short-term market fluctuations. By this, the fund aims to ensure that its investments contribute to solid and sustainable returns for fund members in the future.
| Variance (maximum) | ||
|---|---|---|
| 10.0% | ||
| 65.0% | ||
| 23.0% | ||
| 12.0% | ||
| 16.0% | ||
| 5.0% | ||
| 15.0% | ||
| 12.0% | ||
| 60.0% | ||
| 29.0% | ||
| 40.0% | ||
| 5.0% | ||
| 100% |
Gildi’s portfolio consists of several assets divided into different categories depending on their nature. Below is an insight into the fund’s portfolio from several different perspectives as it stood at the end of 2024.
You can find out more information and a breakdown of the portfolio in the fund’s Annual Financial Statement: