BELGIUM - Pension funds managed by Degroof Institutional Asset Management (DiAM) have delivered a median net performance of 4.4% since the beginning of the year.
The Mercer HR Consulting figures for the first quarter of 2006 analysed the investment performance of 90 portfolios of Belgian pension funds. DiAM manages 25% of all Belgian pension funds.
The 4.4% performance was higher than the median return of the universe, which came in at 3.8%.
DiAM said it had outperformed the market average in six years out of seven years, and performed in line with the average for one year.
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