Dutch pension funds, with assets totaling €2tn, are planning to increase investments in risky assets in Europe by about 5 percentage points over the next five years due to reforms transitioning to a system without fixed benefits. This move aims to support Europe’s investment goals and bolster the defence sector, with APG Asset Management CEO Ronald Wuijster highlighting a potential €100bn increase in private equity and credit investments, mainly in Europe. The shift towards private assets and credit will be gradual over the next five years, following the passing of a law in 2023 to move away from the previous defined benefit system, allowing for more flexibility and increased risk appetite.
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BYD sales soar as Tesla continues to struggle in Europe
In this week's Unlock the Editor's Digest, FT Editor Roula Khalaf highlights the stark contrast in vehicle sales between China's BYD and Tesla, with BYD experiencing a 58% increase in sales while Tesla faces declining demand in Europe. Analysts predict Tesla's first-quarter deliveries to drop by over 10% due to decreased sales in France and Sweden, possibly influenced by CEO Elon Musk's political interventions. Despite challenges, Tesla's strong manufacturing footprint in the US may help...
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