Kevan, responsible for managing pensions for Finnish municipalities, reported a strong return of 5.8% on its investments last year, primarily driven by publicly listed equities.
The pension management company Kevan, which oversees pensions for municipalities and welfare areas in Finland, achieved a significant market return of 5.8% last year, translating to 4.1 billion euros. As of the end of 2025, Kevan's total investment assets reached a market value of 74 billion euros. Publicly listed equities saw the highest returns, with a yield of 13.1%, while private equity and bond investments generated reasonable returns. However, real estate investments experienced a slight loss of 0.2%.
Kevin's CEO, Jaakko Kiander, praised the investment returns, noting that due to low inflation, the real return exceeded 5%. He speculated that without the recent depreciation of the dollar, the results could have been even better. Approximately 37% of Kevan's investments are allocated to the North American markets, which were affected by the volatility in US trade and tariff policies leading to a weaker dollar.
The strong performance of Kevan’s investments is likely to have a favorable impact on the pensions of municipalities and welfare areas in Finland, contributing to the financial stability of these essential sectors amidst fluctuating global economic conditions.
