How Dutch pension PME used ESG to drive bond outperformance

A radical impact investing-style reorganisation of the emerging market debt portfolio of one of the largest Dutch pension funds, which reduced the number of countries it contained, has resulted in a significant outperformance of the fund’s benchmark, since 2019, Marcel Andringa, executive board member for asset and liability management at PME, the €50 billion fund, told AsianInvestor. Following a decision by the fund to explore more sustainable investment approaches, PME’s shifted…