ABP reports 28 point drop in funding - Updated 2

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NETHERLANDS - ABP has reported a 28 percentage point drop in its coverage ratio, from 118% to 90%, since the end of the third quarter of 2008.

The €173bn fund said around two-thirds of this drop was due to falling interest rates and around one-third was due to falls in the scheme's assets, posting returns of -11.5% over the fourth quarter...

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