The total assets managed by Austrian Pensionskassen (pension companies) amounted to € 20.1 billion by the end of the first quarter of 2015, representing an increase of 5.6% compared with the previous quarter. The assets invested by all of the Pensionskassen combined produced an investment result of 6.0% during the first three months of 2014. In the last three, five and ten years, the average performance achieved was 7.7%, 5.5% and 4.2% respectively. The number of beneficiaries rose slightly by 0.8% in comparison with the previous quarter to a level of approximately 865,000 individuals, and around 86,000 (10%) of those individuals drew a pension from this form of company old-age provision. The news was disclosed in the Report on Q1 2015 Performance of Austrian Pensionskassen published today by the Financial Market Authority (FMA).
Debt securities accounted for the largest share of the portfolio, amounting to 46.4% of the total assets. Shares made up 35.7%, and cash at banks accounted for 7.3%. After taking currency hedge transactions into account, around 22.3% of the assets were invested in foreign currency in Q1 2015. 95% of the assets of the Pensionskassen were held in investment funds.
You can find the Quarterly Report (in German) on the FMA website at: https://www.fma.gv.at/pensionskassen/offenlegung/quartalsberichte/
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-6006
+43/(0)676/882 49 516