NETHERLANDS - The EUR1.6bn Pensioenfonds Medewerkers Apotheken (PMA) has ditched plans to outsource the management of a EUR13m US equities portfolio and a EUR32m European equities brief.
Dick Wenting, the general manager of the pharmacists pension fund, said that the money would now be put into index trackers following the Dow Jones and the Theodoor Gilissen indices. He declined to name the index managers or any other details.
The fund has an asset allocation of 50% equities, 40% Dutch fixed income and 10% to real estate.
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