Stichting Pensioenfonds ABP, Heerlen, Netherlands, returned 6.2% in the year ended Dec. 31, according to a news release about its recently released annual report.
The €309 billion ($422 billion) pension fund also reported its funding ratio increased in 2013 to 105.9% from 96.6% not only as a result of investment returns, but due to lower liabilities as a result of higher interest rates according to the news release.
Assets increased by €20 billion, while liabilities dropped by €8 billion. Among the asset classes in the pension fund, international developed markets equities returned 22.1% and private equity returned 17.5%, while the rest of the pension fund's asset classes “had mixed results,” according to the news release.
ABP spokesman Jos van Dijk did not respond to requests for further information by press time.