The total assets managed by Austrian Pensionskassen (pension companies) amounted to € 16.5 billion in the second quarter of 2013, representing a decrease of 1.2% compared with the previous quarter. The value of assets managed by insurance undertakings authorised to provide occupational pension group insurance in Austria increased by 1.4% over the same period, to € 619.3 million. The total average investment result achieved by all Pensionskassen in the second quarter of 2013 was down by 1.3%, which means a 0.9% performance for the first two quarters taken together. Performance has averaged 3.3% per year for the past three years, 2.4% for the past five years and 3.6% for the last ten years. These figures were disclosed in the Report on Q2 Performance of Austrian Pensionskassen published today by the Financial Market Authority (FMA).
The total number of beneficiaries rose slightly on the previous quarter: some 829,000 individuals participated in the pension company system in Q2, corresponding to a change of 0.2% compared with Q1 2013, and around 78,000 (9.4%) of those individuals drew a pension from this form of company old-age provision.
Debt securities accounted for the largest share of the portfolio in Q2 2013, amounting to 46.5% of the total assets. Shares made up 28.3%, and cash at banks accounted for 15.2%. The remaining percentage was composed of real estate, loans and credits, as well as other assets. After taking currency hedge transactions into account, around 18.5% of the assets were invested in foreign currency. The assets of the Pensionskassen were held almost entirely (93.9%) indirectly, through investment funds.
The Quarterly Report can be found (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