Atomic fund as a model for private investors

Frankfurt Anja Mikus was actually planning to retire. Instead, the capital market expert became a board member. In previous years, the business graduate was in charge of portfolio management at the large asset manager Union Investment. For around four and a half years she has been the top manager of a little-known but large capital pool: the “Fund for the Financing of Nuclear Waste Management”, or Kenfo for short, worth a good 24 billion euros.

Since the start, the investments in the vehicle known as the “atomic fund” have achieved an average annual return of 8.2 percent. In an interview with the Handelsblatt, Mikus calls this performance “very good”.

The Atomfonds surprises interested laypeople in several ways: it achieves a respectable return, works without supervision by the Bafin, invests in promising forms of wealth, especially in shares. In addition, there is the surprising investment horizon of more than 80 years. Even for private investors who think long-term, that is an extremely long time span.