mast image

Impact Investing

IPE special report May 2018

Sections

KLM’s three schemes return 10.7%-12.3%

NETHERLANDS – Airline KLM’s three pension funds – worth a combined €9.2bn - returned between 10.7% and 12.3% in 2004.

The €3.7bn general scheme had a yield on investments of 12.3% while the €4.7bn pilots’ scheme, Pensioenfonds Vliegend Personeel KLM, gained 10.7%.

The €855m cabin-crew plan - Pensioenfonds KLM-Cabinepersoneel – returned 12.0%.

The difference in yields between the schemes is based on the fact that all have different investment portfolios.

The highest return was made by the real-estate portfolio, where the pilot’s pension fund reported a 21% yield, the cabin personnel pension fund 20.2% and general pension fund KLM 19.5%.

Equities reported between 14.1% and 10.5%, while bonds showed an average of 8.8%. As currency risks have been hedged, currency exchange changes had no effects on investment yields. KLM pension funds stated that there will be a full indexation of pensions as per January 1 2005.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

  • RE-2441

    Closing date: 2018-05-31.

Begin Your Search Here