Health service pension fund PGGM is considering reducing its investments in shares from 4,000 to 400 reports Wednesday’s Financieele Dagblad.
Around €25bn of the pension fund’s total €75bn investments are currently tied up in shares listed on the stock exchange.
‘We are looking at simplifying our investment policy,’ the paper quotes PGGM investment officer Johan van der Ende as saying.
Such a move would signal a considerable shift in PGGM’s investment strategy and would require internal reorganisation, the paper says.
Major investors such as PGGM try to limit volatility by spreading their risks as widely as possible. Van der Ende told the FD that the desired spread is already achieved with a few hundred share investments.
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