Dutch pension fund can benefit from the death of Jaco

The death of pop legend Michael Jackson may be profitable for the business of the Dutch pension fund ABP (Hey Will P), transmit Reuters. After King of Popeye died last week, strongly increased demand for his music, which is partly owned by the Dutch state pension fund. This is the third largest public pension fund in the world after Japan and funds of Norway, BTA writes. „You have some songs that for some reason in such tragic circumstances suddenly become very popular. The latter fact is important for investment,“ claimed spokesman for the ABP. Last year the fund bought two music catalog, including the rights to some of the songs of Michael Jackson as „You are not alone“ according to the website of record company Imagem Music Group ( „Imagem Music Group), which manages assets of musical ABP.

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Finance