Domestic equities were the main drivers of investment returns in the first six months of this year by both the second Swedish state pension reserve fund, AP2, and ATP, the Danish supplementary retirement scheme for workers.

ATP attributed its 3.5% return for the period to its portfolio of Danish equities, which generated a return worth Dkr6.6bn (€887m). The return is more than double the 1.7% the total portfolio earned during the same period last year.