NETHERLANDS - Stichting Pensioenfonds ABP, the Netherlands' biggest pension fund, reported a return on investments of 4.6% in the first half of 2010.
The fund said assets under management stood at €218bn (US$279bn). The fund's coverage ratio, or the amount of assets relative to future benefit payments, fell to 95% at the end of June from 96% a month earlier.
It said the decrease was mainly due to historically low interest rates, and not a result of a drop in overall assets under management.
The Dutch regulator requires all pension funds to be 105% funded. If they fall below this watermark, schemes need to file a recovery plan. ABP is one year into a five-year recovery plan.
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