The total assets managed by Austrian Pensionskassen (pension companies) amounted to € 18.3 billion at the end of Q2 2014, representing an increase of 3.2% compared with the previous quarter. The assets invested by all of the Pensionskassen combined produced an investment result of 4.7% during the first six months of 2014, 3.0% of which during the second quarter. In the last three, five and ten years, the average performance achieved was 5.4%, 5.5% and 3.8% respectively. The number of beneficiaries rose slightly by 0.6% in comparison with the previous quarter to a level of approximately 850,000 individuals, and around 83,000 (9.8%) of those individuals drew a pension from this form of company old-age provision. These figures were disclosed in the Report on Q2 2014 Performance of Austrian Pensionskassen published today by the Austrian Financial Market Authority (FMA).
Debt securities accounted for the largest share of the portfolio, amounting to 40.4% of the total assets. Shares made up 31.0%, and cash at banks amounted to 13.0%. The remainder was in real estate, loans and credits, as well as other assets. After taking currency hedge transactions into account, around 20.0% of the assets were invested in foreign currency in Q2 2014. 95% of the assets of the Pensionskassen were held in investment funds.
The Quarterly Report can be found (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