# Vanguarda PPR

Vanguarda PPR is a Pension Fund based in Lisbon, Portugal.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Lisbon, Portugal
- **Region:** Europe
- **Address:** Praça Príncipe Perfeito nº 2, 1990-278 Lisbon, Portugal
- **Founded:** 1996
- **Assets under management:** 380 (Altss estimate)
- **Website:** www.ageaspensoes.pt
- **LinkedIn:** https://linkedin.com/company/ageaspensoes

## Regulatory record

- **Reports private funds:** No

## About

Vanguarda PPR originated in 1996 as Fundo de Pensões Aberto Reforma PME and was renamed in 2001. Ageas Pensões has run the fund since inception. The portfolio maintains a 70-80 percent allocation to government and corporate bonds with the balance in global equities. Confirmed holdings include the Ageas Tejo Building in Lisbon. Geographic exposure centers on Portugal and broader European fixed-income markets. Ageas Pensões employs the firm’s internal investment team. The manager also oversees Fundação Ageas, established in 1998, which directs grants toward health and social-exclusion programs in Portugal. In September 2023 the fund sponsored the World Football Summit Europe in Seville. Vanguarda PPR sits inside the Millenniumbcp Ageas joint venture, giving it captive distribution through one of Portugal’s largest banks while remaining ring-fenced from the insurer’s proprietary capital.

## Sectors

- Fixed Income
- Healthcare
- Biotechnology

## Questions

### Who manages investment decisions at Vanguarda PPR?

Ageas Pensões runs day-to-day portfolio construction and rebalancing for the fund.

### What asset mix does Vanguarda PPR follow?

The fund targets 70-80 percent in bonds and 20-30 percent in equities for medium-risk, long-term investors.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/vanguarda-ppr

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology