NETHERLANDS - PGGM, the Zeist-based pension fund for Dutch social and healthcare workers, has posted a return of 3.4% in the first quarter of 2004, as compared to returns of 5.9% in the fourth quarter of 2003.
The e54.9bn fund said that all asset categories, particularly equities which returned 3.8% and commodities which returned 10.3% made a positive contribution. PGGM’s CIO Roderick Munsters, said: ...
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