At the end of the 1st Quarter of 2016 the assets managed by Austrian Pensionskassen (pension companies) stood at € 19.6 billion, a decrease of 0.1% compared to the previous quarter. The total number of beneficiaries rose by 1.0% during the 1st Quarter of 2016 to approximately 889,000 individuals, of whom approximately 10.0% drew a pension. The investment performance calculated by the Oesterreichische Kontrollbank (OeKB) during the first quarter stood at -0.4%; while in the last three, five and ten years average performance was +4.2%, +4.1% and +2.6% respectively. These findings have emerged from the Report on the Austrian Pensionskassen for the first quarter of 2016, which was published today by the Austrian Financial Market Authority (FMA).
95.2% of the assets of the Pensionskassen are held indirectly via investment funds. Broken down into investment classes, debt securities have the largest share of the portfolio, amount to 46.8% of assets, followed by equities with around 25%, while balances held at credit institutions stand at around 16.5%. The remainder is in the form of real estate, loans and credits as well as other assets. After having taken currency hedge transactions into account, around 17.6% of the assets were invested in foreign currencies.
The Quarterly Report can be found on the FMA website (in German only) 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