PGGM coverage ratio up to 111%

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NETHERLANDS - Dutch healthcare pension fund PGGM posted a 10.9% return on its investments in 2004 and saw its coverage ratio improve to 111%, up from 105% the previous year.

PGGM said its assets rose to e59.9bn with the performance putting the fund “ahead of schedule” in meeting the targets set in the recovery plan. Commodities generated the best return (20.9%) and ...

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