Notes to OP Financial Group Financial Statements

RISK EXPOSURE BY WEALTH MANAGEMENT

 

Note 111. Life Insurance asset allocation



31 Dec. 2014 31 Dec. 2013
Allocation of investment assets Fair value, EUR million % Fair value, EUR million %
Fixed-income investments*



Bonds 2,362 48 1,811 48
Other money market instruments**** 363 9 329 9
Mutual funds 519 17 644 17
Shares and participations



Equities and mutual funds**** 296 8 313 8
Alternative investments** 262 8 307 8
Properties*** 255 9 345 9
Total 4,056 100 3,749 100

* Include accrued interest and notes and bonds reclassified into loans and receivables within financial assets. Exclude interest rate derivatives used to hedge interest rate risk associated with insurance liabilities.

** Incl. investments in hedge funds and private equity investments

*** Only direct investments in properties

**** Incl. effect of equity futures