At the end of the 1st Quarter of 2017 the assets managed by Austrian Pensionskassen (pension companies) stood at € 21.4 billion, an increase of 2.6% compared to the previous quarter. The total number of beneficiaries rose by 0.9% during the 1st Quarter of 2017 to approximately 911,000 individuals, of whom approximate 10.4% drew a pension. The investment performance calculated by the Oesterreichische Kontrollbank (OeKB) stood at 2.2% for the 1st quarter; while in the last three, five and ten years average performance was +4.9%, +5.1% and +2.9% respectively. These findings have emerged from the Report on the Austrian Insurance Sector for the first quarter of 2017, which was published today by the Austrian Financial Market Authority (FMA).
96.2% 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 38.5% of assets, followed by equities at 34%, while balances held at credit institutions stand at 13.9%. 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 21.1% 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:
Tiemon Kiesenhofer
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+43/(0)676/882 49 610