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Table 2 Holdings of public and quasi-public institutional investors in Roche and Alexion Pharmaceuticals - companies whose drugs were denied reimbursement by health insurers in high-income countries due to high prices

From: Pension and state funds dominating biomedical R&D investment: fiduciary duty and public health

Fund

Assets under management, USD million

Holdings in Hoffmann-La Roche Ltd. (marketer of bevacizumab), USD million

Holdings in Alexion Pharmaceuticals Inc. (marketer of eculizumab), USD million

Date

ABP (Netherlands; pension fund for employees in the government and education sectors)

498250

649

134

3/2018

Canadian Pension Plan Investment Board

238160

689

41

3/2017

British Columbia Investment Management Corporation (Canada)

101890

109

25

3/2017

New Zealand Superannuation Fund

27670

43

6

6/2017

Strathclyde Pension Fund (UK)

28230

6

12/2017

West Yorkshire Pension Fund (UK)

19500

43

3/2017

Swiss National Bank (Switzerland)

92585 (US equities only)

98

2/2018

European Central Bank (EU)

185140

9260 in health & life sciences corporate bonds in total, mostly Bayer, Merck (Germany), Novartis, Roche and Sanofi. Holdings per firm not disclosed.

4/2018

  1. Sources: [24,25,26,27,28,29,30,31,32]. Holdings of the pension funds are shown in roman font; holdings of the central banks - in italic font.