Zorgfonds PFZW has put the knife in its investment portfolio and that is why investments in thousands of companies were sold. Until recently, the second pension fund of the Netherlands still invested in around 3,500 companies worldwide. That number has been reduced to 800.
PFZW invests more than 50 billion euros in shares and did so through the FTSE World Index, which contains shares of several thousand companies. “This ensured that we were sometimes unpleasantly surprised by incidents at companies that were in our portfolio because they are part of the index,” says the Zorgfonds.
From now on it wants to be more selective with his investments and has therefore again examined them. “We have reversed our investment model,” says a spokesperson. In addition, the fund does not look so much at which companies it excludes, but especially in which companies it wants to invest at all.
PFZW has also engaged other asset managers. For example, the fund no longer works with BlackRock, one of the largest managers in the world, but with Robeco, for example. In addition, PFZW is now investing a bit more in Europe.
Many investments in the US
Yet the emphasis still seems to be on the United States. An overview on the website of the Zorgfonds shows that the twelve largest share packages are all of American companies. For example, investments are made in tech companies Meta, Apple, Amazon and Microsoft.
The first Dutch company is in 36th place. This is ASML, in which the fund invests more than 250 million euros. Other major investments in Dutch companies include Ahold Delhaize and NN Group, the former Nationale-Nederlanden.
PFZW is not the only Dutch pension fund that invests more in the US than in Europe. Research by De Nederlandsche Bank showed earlier this year that funds had put so much money in American than in European companies. An important reason is that the American financial market is much greater.
Earlier this year, Metaalfonds PME also decided to take a closer look at his investments. Among other things, stricter sustainability criteria played a role in this. As a result, the interests have been sold in hundreds of companies.
It also became clear earlier this year that ABP civil servants fund adjusted its portfolio. For example, the largest pension fund in the Netherlands decided to no longer invest in Tesla, Meta and Google mother company Alphabet.
CARE Fund PFZW HAS Cut Into Its Investment Portfolio and Therefore Investments in Thousands of Companies Have Been Sold. Until Recently, The Second Largest Pension Fund in The Netherlands Still Invested in Around 3,500 companies Worldwide. That number has been reduced to 800.
PFZW Invests over 50 Billion Euros in Shares and Did So, Among Other Things, via The Ftse World Index, which contains of Several Thousand companies. “This meean that we were something unpleasantly surprised by incidents at companies that were in our portfolio because they are part of the index,” Says the Care Fund.
It Wants To Be More Selective With Its Investments In The Future And Has Therefore Re-Examined Them. “We have reversed our investment model,” Says a Spokesperson. The fund does not so much look at which companies it excludes, but rather at which companions it is to invest in at all.
PFZW HAS also Engaged Other Asset Managers. For example, the fund no longer works with blackrock, one of the largest managers in the world, but it does work with Robeco, for example. In Addition, PFZW is now investing a little more in Europe.
Many Investments in the US
Neverberness, The Emphasis Still Seems to Be On The United States. A review on the Care Fund’s Website Shows That the Twelve Largest Share Packages Are All From American Companies. Investments are made in Tech Companies Meta, Apple, Amazon and Microsoft, Among Others.
The First Dutch Company is in 36th Place. It Concerns ASML, in which the Fund Invests over 250 Million euros. Other Major Investments in Dutch Companies Include Ahold Delhaize and NN Group, The Former Nationale-Nederlanden.
PFZW is not the only Dutch pension fund that invests more in the us than in Europe. Research by De Nederlandsche Bank Earlier This Year Showed That Funds had Invested Three Times As Much Money in American Companies Than In European Companies. An Important Reason is that the American Financial Market is Much Larger.
Earlier This Year, Metal Fund PME also Decided to Examine its Investments. Stricter Sustainability Criteria Played A Role in this. As a result, interests in hundreds of companies were Were Sold.
It also Became clear earlier this year that civil servants’ fund ABP HAS Adjusted its portfolio. For Example, The Largest Pension Fund in The Netherlands Decided to No Longer Invest in Tesla, Meta and Google’s Parent Company Alphabet.