Reaction to the development of the stock markets
16 April 2025The import tariffs announced by the United States caused declines on the stock markets. Many reports about this appeared in the news last week. We can imagine this raises questions.
The Heineken Pension Fund (HPF) is shocked by Russia’s invasion of Ukraine. It is a human tragedy of enormous magnitude, with families broken and displaced, with many injured and even loss of life. Senseless, criminal and a blatant violation of human rights. Our thoughts are with all the people who have been affected.
With regard to our investment portfolio, we can report that our allocation to Russian investments is minimal (less than 0.5% of our total assets). These investments do not involve the sanctioned companies or banks that are excluded from SWIFT.
The HPF is considering these investments and will of course closely monitor developments.
The import tariffs announced by the United States caused declines on the stock markets. Many reports about this appeared in the news last week. We can imagine this raises questions.
In 2024, we will have achieved a 12.6% return by investing the pension assets. With this result, we are in the top three of the more than 170 pension funds in the Netherlands that were surveyed by consultants from OverRendement and Bell.
We are expected to implement the new pension scheme from January 1, 2026. We are preparing for this, so that this transition is done carefully. For example, in 2024 we switched to a new pension administration system. In this administration system, we can administer our current and future pension scheme. In short: with this administration system we are ready for the future.