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Dutch chemicals firm's pension fund buys gold for diversification
By Sameer Van Alfen
Investment & Pensions Europe, London
Wednesday, May 12, 2021
The Dutch pension fund for specialty chemicals firm DSM has made a 5% investment in physical gold because of its diversification benefits, it claimed.
The investment in the precious metal, which started October 2020, was the result of a reduction in the fund's exposure to government bonds by 10 percentage points because of a negative expected return on the asset class.
... Dispatch continues below ...
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It has invested half of the proceeds in gold, and the remainer in equities, real estate and infrastructure, the fund announced.
The scheme has invested in gold before. “In the past, pension fund DSM Nederland has invested in gold as part of its exposure to commodities,” according to a spokesperson. An investor that follows the Bloomberg Commodity Index has a 15% exposure to gold, for example. ...
... For the remainder of the report:
https://www.ipe.com/news/dsm-pension-fund-invests-5-in-gold/10052723.art...
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