The assets managed by Austrian Pensionskassen (pension companies) stood at € 19.8 billion at the end of the 2nd Quarter of 2016, corresponding to an increase of 1.1% compared to the previous quarter. The total number of beneficiaries rose by +0.3% compared to the previous quarter to approximately 891,000 individuals, of whom approximately one-tenth drew a pension. The investment performance calculated by the Oesterreichische Kontrollbank (OeKB) stood at 0.5% for the 2nd quarter; while in the last three, five and ten years average performance was +4.8%, +4.3% and +3.0% respectively. These findings have emerged from the Report on the Austrian Pensionskassen for Q2 2016, which was published today by the Austrian Financial Market Authority (FMA).
95.3% of the assets of the Pensionskassen were held indirectly via investment funds. Broken down into investment classes, debt securities had the largest share of the portfolio, amount to 48.5% of assets, followed by equities at 24.5%, while balances held at credit institutions stand at around 14.3%. 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 19.8% 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)676/882 49 516