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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Why Energy Fuels Rocketed Higher Today
Shares of uranium and rare earths miner Energy Fuels (NYSEMKT: UUUU) rose by 13.8% on Tuesday, driven by positive news. The company reported record monthly uranium production from one of its operational mines in May, and Meta Platforms (NASDAQ: META) signed a 20-year nuclear agreement with Constellation Energy (NASDAQ: CEG) to power its AI data centers, enhancing optimism for future uranium demand. These developments collectively contributed to the significant increase in Energy Fuels' stock price....
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