![]() AN/APG-66(V): Employed in select US Navy P-3 Orion aircraft as part of a Counter Drug Update (CDU) for Counter-narcotics (CN) surveillance and interdiction operations.The basic APG-66 has spawned a range of variants as follows: LRU production has involved a European consortium which included companies in Belgium, Denmark, Netherlands and Norway. The AN/APG-66 offers 10 operating modes, some of which are associated with frequency agility to resist jamming.Īll system functions, including self-test, are computer controlled via a serial digital databus. The equipment has formally demonstrated a Mean Time Between Failure (MTBF) figure of 121 hours and a meantime to repair of five minutes. Which was later replaced by a solid-state power amplifier. In total, AN/APG-66 is noted as containing 9,500 component parts and in its production form, has no associated hydraulics or rate/roll gyros. (Antenna, Transmitter, Low-power RF, Digital signal processor, Radar computer,ĝisplay). The radar is of modular design and comprises six functional Line-Replaceable Units (LRUs) each of which has its own power supply In support of AN/AIM-7F/M Sparrow, AN/AIM-9L/M Sidewinder, AN/AIM-120A, Penguin, MICA and Skyflash E missiles. To read the digital edition of IPE’s latest magazine click here.Pulse Doppler radar which was originally designed for use on the F-16 multirole combat aircraft “We are looking to launch a similar family of sustainable emerging market equity indices, and we are also investigating the possibility to launch a similar index for credits,” he added. “It’s in the line of expectation that we will do so,” Van Dijk said. But whether sustainable investing produces outperformance is a question pension fund should be answering for themselves.”ĪPG is planning to further increase its offer of semi-passive indices. Therefore, on the long term the returns should be comparable to the market. “We have made sure that the risk profiles of the new indices are comparable to those of the original index. The APG director is agnostic about the question of whether adding sustainability filters produces outperformance. This makes our approach so elegant,” he said. “The modular nature makes it possible to distinguish the effects of each separate filter. The segmented approach of our new indices also makes it easy for pension funds to compare the effects on investment returns of the various filters, noted Van Dijk. APG is open to new clients, and this step makes it more likely that these funds will join us as asset management clients.” Van Dijk said: “Especially medium-sized pension funds want to invest sustainably, but are not prepared to pay for active management. “We will not use it, as we prefer to invest all our assets actively,” an ABP spokesperson told IPE.ĪPG, which until now was a fully active investor, believes its new suite of index products will position it to attract new clients. ABP, APG’s main client, said it is not interested in the new sustainable index. This money had previously been managed actively by APG.Ī second client will follow “at short notice”, said Van Dijk. The SDG filter, which is based on data provided by the SDI Asset Owner Platform founded two years ago by APG and PGGM, will give clients additional exposure to companies that contribute to the UN’s Sustainable Development Goals (SDGs).ĪPG has received a first €1bn mandate from Bpf Bouw to invest in the most ambitious of the five indices, the iSTOXX APG World Responsible Low-Carbon SDI Index. On top of this clients have the possibility to add carbon and SDG filters.” Four of the five indices invest solely in so-called ESG frontrunners while sector, country and factor allocations are held stable compared to the non-sustainable iStoxx APG World-X Index, which only excludes manufacturers of nuclear weapons and tobacco firms.ĪPG managing director Ronald van Dijk said: “We consider half of the companies in the investable universe as ESG frontrunners, and only these firms can be included in the index. The new index family constitutes five global equity indices that were built by Qontigo and are executed by BlackRock. ![]() The index product is a first for APG, which up until now had only offered actively managed products to its pension fund clients. The launching customer for the new index is Bpf Bouw, the €73bn pension fund for the construction industry. Dutch pension asset manager APG has launched a new sustainable index family to give its clients the opportunity to invest sustainably in a semi-passive way.
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