APG Launches Fixed Income Strategy in China

Posted on 11/29/2019

Dutch pension investor APG Asset Management, which oversees the Stichting Pensioenfonds ABP, launched a fixed income strategy in mainland China, together with its partner Guangzhou-based E Fund Management Co., Ltd., one of the largest comprehensive fund managers in China. This is the first fixed income strategy in China that fully incorporates the responsible investment policies of APG’s pension funds clients. Included in this is the aim to increase investments that contribute to the United Nations’ Sustainable Development Goals.

Confirming news reported recently by SWFI, APG also announced the establishment of a Shanghai and Beijing satellite office to support its execution of this investment strategy.

“As a pension investor, we are always looking for attractive investments that realize stable, long-term sustainable returns for our pension fund clients and their beneficiaries. In the current low yield environment, we welcome investments that have both solid returns and relatively low risk profiles,” said Sandor Steverink, head of Treasuries at APG’s asset management division.

“With the Chinese market opening more and more to international investors, this is a good opportunity for us,” Steverink added.

The China fixed income strategy is the second investment strategy of APG with E Fund, next to its US$ 657 million China A Shares strategy that was launched early 2018.

As of September 30, 2019, E Fund manages over US$ 193 billion.

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