Europe’s Largest Pension Fund Buys Mortgages Worth $2.8 Billion
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Europe’s largest pension fund, Stichting Pensioenfonds ABP, acquired a €2.7 billion ($2.8 billion) portfolio of Dutch mortgages as it expands its investment in the asset class.
ABP took over the mortgages from an investor on NIBC Bank’s platform, it said in a statement on Monday. NIBC will continue to manage them.