The assets managed by Austrian Pensionskassen (pension companies) increased by € 272 million or +1.3% compared with the preceding quarter during the second quarter of 2017, and thereby reached a new high of € 21.6 billion. The total number of beneficiaries rose by +0.4% during the same period to approximately 915,000 individuals, of whom approximately 10.5% drew a pension. The investment performance calculated by the Oesterreichische Kontrollbank (OeKB) stood at 1.1% for the 2nd quarter; while in the last three, five and ten years average performance was +4.3%, +5.6% and +2.8% respectively. These findings have emerged from the Report on the Austrian Insurance Sector for the second quarter of 2017, which was published today by the Austrian Financial Market Authority (FMA).
At the end of the second quarter of 2017, the Pensionskassen held 96.2% of the assets to be managed as units in investment funds. Broken down into investment classes, debt securities had the largest share of the portfolio, amount to 40% of assets, followed by equities at 32.82%, while balances held at credit institutions stand at around 12.77%. 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 21.9% of the assets were invested in foreign currencies.
The Quarterly Report can be found on the FMA website (in German only) at:
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-6006
+43/(0)676/882 49 516