New investment policy 2020-2025
At the end of 2019 we laid down the strategic investment policy for 2020-2025. It is expected that the new policy will yield a higher return at a lower risk.
For every investment category we decide on a strategy that describes how we wish to invest in this category. We take into account not only the objective, but also the return, risks, costs and investing responsibly. We also determine which type of asset managers (active, passive) is the best fit for this strategy. The objective and guidelines for each category are laid down in the mandate, which must be followed by the external asset managers.
The most important change is that we will gradually hedge more interest up to a maximum of 60%. We do so in order to compensate for any interest drops more effectively. We evaluate this aspect every year and review our strategy accordingly.
In addition, we gradually expand our higher-return investments up to a maximum of 60%. We choose a better spread by expanding our investments in highyield, real estate, private equity and infrastructure.