APG’s Kemna Wants Euro Bonds in Two Years Amid ‘Subdued’ Returns
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Angelien Kemna, who oversees 275 billion euros ($380 billion) of Dutch pension money, says the euro region must sell common bonds within two years, and predicted “subdued” investment returns until then.
“As an investor with large obligations in euros I want the prospect of a very deep and liquid euro bond market,” Kemna, the 54-year-old chief investment officer of APG Groep NV, said in an interview in Amsterdam. “As long as that is part of the final picture, not in 10 years but in one or two, I am willing to accept a muddle-through scenario in which we continue to see small steps in that direction.”