Ilmarinen's investment theses
The investment theses are principles guiding Ilmarinen’s investment operations. They impact the success of our investment operations and how Ilmarinen organises its investment activities.
|The most important decision||
Strategic allocation is the main determinant of return and risk.
Predictable long-term pension-liabilities and cash flows enable long-term investing.
-Investment risk is taken in order to secure sufficient returns and solvency in long run.
-The sources of return change over time and we exploit these changes activly.
We take advantage of occasional market inefficiencies in order to generate added value.
-Investment risks are diversified to optimize return distributions.
-Not all investment risks and adverse events are predictable.
-Responsible investing is a way of reducing risk.
|Recourses and cost-effectiveness||
-Returns are always assessed after total costs.
-We outsource only functions where we ourselves cannot add value cost in a cost-effective manner.