Stichting Pensioenfonds Shell, The Hague, Netherlands, posted an investment return of -3.7% for 2000, compared with an annual average return of 15.4% a year for the five years ended Dec. 31, according to data published today by the Dutch Associations of Industry Wide Pension Plans and Company Pension Plans.
Stichting Pensioenfonds Philips, Eindhoven, posted an annual return for 2000 of 1.1%, compared with its five-year average return of 13.6%.
Stichting Bedrijfspensioenfonds Landbouw, Zoetermeer, was one of the best-performing pension plans for the year, returning 6.4%. The plans average return over the last five years was 10.4% a year. The fund has one of the highest allocations of any Dutch pension plan to real estate at 25% of assets; and its 28% equity allocation is below the market average of 41% of total plan assets.
The data issued today show the performance records of 115 Dutch pension plans.