Cash positions

The investment in commodities using derivatives such as total return swaps and futures means the fund has to keep a cash position in order to prevent leverage. This cash position has to be equal in size to the total commodities exposure of the derivatives. On a monthly basis PGGM’s positions ...

You have now reached your article limit

Already a registered user or member? Sign in here

To continue reading, register free today for access

Register Now

Registration also includes access to

IPE Real Assets

Gated access promo

Five reasons to register today

  1. Access to IPE articles from our award-winning editorial team
  2. Unique IPE market data, rankings and tables
  3. In-depth interviews with pension fund leaders
  4. Extensive coverage of latest asset class trends
  5. Comprehensive archive of data, research and intelligence