PGGM assets fall by €2.5bn

Health service pension fund PGGM saw the value of its assets fall by €2.5bn to €85.8bn in the first three months of this year, due to declining share prices.

PGGM is the second biggest pension fund in the country. The fund’s coverage ratio fell from 148% to 139% but is still well above the legal minimum of 125%, PGGM said.

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