NETHERLANDS - The EUR16bn Bedrijfstakpensioenfonds Metalektro (PME), which made a 5% allocation to commodities last year, says it is "disappointed" with the returns from the asset class.
A fund spokesman said: “In 2004, commodities returned 7.4%, but we are quite disappointed with this performance after we compared this with the returns of other pension funds who have commodities. ...
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