Asset allocation

The distribution of assets among different categories varies over time, depending on market conditions and the management team's expectations of future trends.

This is a matter of allocating assets among, first, the various asset types and, second, different markets. At year-end 1988, the portfolio was 100% composed of interest-bearing securities. Since then the proportions invested in shares but also properties and alternative investments have risen. In the past ten-year period, RJ has had an average of 55% of its assets invested in shares.

Asset allocation since 1989

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Allocation at 31 Dec. 2025

Asset allocation

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Allocation within shares

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Exposure by region

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Exposure per sector

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Interest-bearing

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2025/07/01
Annual reports