Europe’s largest pension fund expands mortgage portfolio

Stichting Pensioenfonds ABP, Europe’s largest pension fund, announced on Monday that it had acquired a €2.7 billion ($2.8 billion) portfolio of Dutch mortgages, boosting its total holdings in the asset class to over €7.3 billion.

The mortgages, sourced from NIBC Bank’s platform, will continue to be managed by NIBC. This significant investment aligns with ABP’s strategy to strengthen its presence in the Dutch mortgage market, benefiting from stable long-term returns while supporting local homebuyers.

“By investing in mortgages, ABP can also contribute to the financing possibilities of Dutch home buyers,” said Chairman Harmen van Wijnen.

ABP manages €530 billion in assets globally, serving three million government and education sector employees.

Attribution: Bloomberg

Subediting: Y.Yasser