Songs written by Bon Jovi, Cher, Celine Dion and Justin Timberlake now form part of the investment portfolio of Dutch civil service pension fund ABP.
The fund, one of the biggest in the world, has put €140m into buying some 90,000 song titles from music giant Universal.
ABP has total invested assets of €217bn. A spokesman told news agency ANP it expects to book a ‘steady return’ on its new buy.
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.