
Investment developments at PGGM
Dutch pension giant, PGGM, is set for a number of strategic changes to its investment strategy.
According to PGGM’s annual report for 2000, the EUR52.6bn fund is aiming to boost its private equity investment to 7.5%.
Private equity investments grew from 4% at the end of 1999, to 6.3% at the end of 2000.
This move puts PGGM - the second largest pension fund in The Netherlands - in line with Dutch superfund ABP, which recently lifted it private equity portfolio from 2% to 4%.
According to PGGM, “a portfolio of European midcap equities is also being built up”.
Another change on the agenda includes an expansion in 2001 of the US and Japanese fixed income briefs. The total fixed income portfolio makes up about 30% of PGGM’s complete portfolio.
There seem to be no plans at this stage to move into to hedge funds.
The results in the report for the Zeist-based fund followed an ALM study in 2000. PGGM conducts a study every five years.
PGGM was unavailable for comment during press time.
*In an earlier interview with IPN, Niels Kortleve, director of investment strategy for PGGM, also stated that the fund hopes to eventually shift all internally and externally managed portfolios in the direction of Socially Responsible Investment.
By Madhu Kalia
Latest stories
Five stories you may have missed this week
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
RBS reports £100m GMP impact; slashes equity exposure by two thirds
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Good communications are more important than ever
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point
Back to Top