FMA Report on Q4 Performance of Austrian Pensionskassen
assets managed € 17.4 billion, 2013 investment performance +5.1%
The total assets managed by Austrian Pensionskassen (pension companies) amounted to € 17.4 billion in the fourth quarter of 2013, representing an increase of 2.4% compared with the previous quarter. The assets invested by all of the Pensionskassen combined produced an investment result of 1.8% in Q4 2013, and of 5.1% for the year as a whole. In the last three, five and ten years, the Pensionskassen achieved an average performance of 3.4%, 5.1% and 3.7% respectively. The number of beneficiaries rose by 0.4% in comparison with the previous quarter to a level of approximately 835,000 individuals, and around 80,000 (9.6%) of those individuals drew a pension from this form of company old-age provision. These figures were disclosed in the Report on Q4 Performance of Austrian Pensionskassen published today by the Financial Market Authority (FMA).
Debt securities, amounting to 40.1% of the total assets, accounted for the largest share of the portfolio at the end of Q4. Shares made up 31.2%, and cash at banks accounted for 13.4%. The remainder was in real estate, loans and credits, as well as other assets. As at 31 December 2013, around 18.9% of the assets were invested in foreign currency, after taking currency hedge transactions into account. 90.6% of the assets of the Pensionskassen were held in investment funds.
The value of assets managed by insurance undertakings authorised to provide occupational pension group insurance in Austria rose by 0.8%, to € 643.4 million.
You can find the Quarterly Report (in German) on the FMA website at: www.fma.gv.at/de/statistik-berichtswesen/statistiken-unternehmen/pensionskassen.html
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)676/882 49 51