Pension funds up investment returns
Dutch civil service pension fund ABP, one of the biggest pension funds in the world, booked a return on investment of 3.9% in the third quarter of this year, compared with a loss of 1.5% in the previous quarter.
ABP said in a press release that returns over the first nine months of the year now totalled 5.4%. Health service pension fund PGGM performed slightly better, upping its return on investment from – 0.8% in the second quarter to 3.1% in the third. The annual return to end September stood at 6.3%, PGGM said.
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