De Nederlandsche Bank (DNB) reports that no less than a year and a half in accrued returns were lost at Dutch investment institutions in those first three months.
Dutch investment institutions achieved an average negative return of 11.7% in those first three months, DNB reports Friday. Invested assets decreased by 12.9% to € 816 billion. Almost 90% of the invested capital of Dutch investment institutions is held by Dutch pension funds and insurers.
Equity funds lost an average of 19.4% in the first quarter of 2020, real estate funds 8.4%, private equity and other funds 7.1%, bond funds 4.1% and hedge funds 1.3%.
Prices have now bounced. For example, the Amsterdam AEX index has scrambled back to 518 points on Friday, after the indicator even fell below 400 points in March. In February, the stock market indicator reached 629 points. The index is therefore still almost 18% lower than before the pandemic outbreak.
In 2019, investment institutions still achieved the highest returns since the financial crisis.
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