NETHERLANDS - PME, the industry wide pension fund for the metal and electro technical engineering industry, posted a return of 2.9% in the first quarter of 2005, outperforming Dutch giants ABP and PGGM.
In addition, the fund’s funding ratio rose to 118%, compared to 116% at the end of 2004. PGGM posted a return of 2.7% and ABP posted a return of 1.6% for the first quarter. PME’s overall retu...
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