Successful year for Luminor pension funds customers

In 2019 all Luminor pension strategies delivered excellent results, exceeding their historic performances in almost all of the preceding years.

*2019 performance for all strategies (source: Luminor Asset Management IPAS)

Luminor pension 3^rd pillar strategies helped customers significantly boost their accumulated retirement nest: Luminor Balanced Pension Plan earned 8,1% and Luminor Progressive Pension Plan returned 15,7%.

Among Luminor pension 2^nd pillar investment plans, Luminor Balanced Investment Plan generated 9,4%. Its returns were higher only twice (in 2009 and in 2012) in its 15-year long history.

*Luminor Balanced Investment Plan historic results (source: Luminor Asset Management IPAS)

Luminor Active Investment Plans returned 13% in 2019, its best results since inception in 2009.

The new kid on the block, Luminor Progressive Investment Plan, outperformed all other Luminor strategies with 17,4% return in 2019 achieved thanks to its higher weight in equities (up to 75%). Luminor Progressive Investment Plan started only in May 2018, and what a fantastic second year it has enjoyed!

The strategies with the equities performed the best due to stellar returns delivered by equity markets. However, the conservative strategy delivered handsomely, too, in spite of the low interest rate environment, helped both by the selection of fixed income asset classes and of the individual fixed income instruments. Luminor Conservative Investment Plan earned 6,0%, its second best result since inception in 2009 (exceeded only in 2012).

In 2019 Luminor pension 2^nd pillar participant increased his pension capital on average by EUR 835, or by whopping 24,6%, from the average of EUR 3706* to EUR 4617**.

Average Luminor pension 2^nd pillar capital per participant

*manapensija.lv data as of 31.12.2018
**manapensija.lv data as of 31.12.2019

Reference: This material is created only for informational and marketing purposes and can`t be construed as investment offer or offer for participation in any particular investment strategy. Luminor shall not be responsible for any loss arising from any investments made based on the information in this material. Data sources used in the material are the ones Luminor considers trustworthy. Investment value may increase and decrease in time.
*Historical performance doesn`t guarantee future performance. Neither return of described investment products, neither financial data of past or future periods shall not be considered as a promise or argument for future results.