The total assets managed by Austrian Pensionskassen (pension companies) amounted to € 16.9 billion in the third quarter of 2013, representing an increase of 2.8% compared with the previous quarter. The value of assets managed by insurance undertakings authorised to provide occupational pension group insurance in Austria increased by 3.0% over the same period to € 638.3 million. The number of beneficiaries in the pension company sector rose by 0.3% in comparison with the previous quarter to a level of approximately 831,000 individuals, of whom around 79,000 (9.5%) drew a pension from this form of company old-age provision. These figures were disclosed in the Report on Q3 Performance of Austrian Pensionskassen published today by the Financial Market Authority (FMA).
The assets invested by all of the Pensionskassen combined produced an investment result of 3.3% during the first three quarters, 2.4% of which were achieved in the third quarter. Performance has averaged 3.6% per year for the past three years, and 3.7% each for the last five and ten years.
Debt securities accounted for the largest share of the portfolio, amounting to 38.4% of the total assets. Shares made up 31.9%, and cash at banks accounted for 15.2%. The remaining share was composed of real estate, loans and credits, and other assets. After taking currency hedge transactions into account, around 20.3% of the assets were invested in foreign currency in Q3 2013. The assets of the Pensionskassen were held almost entirely (93.9%) indirectly, through investment funds.
You can find the Quarterly Report (in German) on the FMA website at:
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-6006 +43/(0)676/882 49 516