NETHERLANDS/BELGIUM - PGGM, the e45bn Dutch pension scheme, is optimistic about its second quarter results following a disappointing start to the year. The Zeist-based scheme for health and social workers said that its results, which will be released on Thursday, will exceed its return for Q1 when it posted -1.9%. The figure was blamed on lower equity markets, which helped to drag down the 5-year return to 2.3%, compared with the 5.2% in the previous quarter.
The new results are expected to be buoyed by the post-Iraq war pick-up in most major stock markets, a factor which saw the e142bn ABP, Europe’s biggest pension fund, return +6.9% in Q2. The figures...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
