At the end of the 2nd Quarter of 2022 the assets managed by Austrian Pensionskassen (pension companies) stood at € 24.61 billion, a decrease of 5.25% or € 1.36 bn compared to the previous quarter. Compared with the historic record high registered as per the end of 2021, the decrease was € 2.37 bn or – 8.78%. This performances reflects the challenging economic environment, in particular the massive turbulence witnessed on capital and investment markets, that have squeezed returns substantially. The investment performance for the second quarter calculated by the Oesterreichische Kontrollbank (OeKB) was -5.2%, compared with -8.78% for the first six months of 2022. On average for the last three, five and ten years, the performance stands at +1.66%, +1.82% and +3.71% respectively. The number of beneficiaries (entitled and recipients) in the Pensionskasse system in contrast increased by 0.32% during the 2nd quarter, and therefore stood at 1,027,311 at the end of the first half of 2022. 12.8% of them, i.e. almost 132,000 people, already receive a pension benefit. These findings have emerged from the Report on the Austrian Pensionskassen for the 2nd Quarter of 2022, which was published today by the Austrian Financial Market Authority (FMA).
95.85% of the assets of the Pensionskassen are held indirectly via investment funds. Broken down into investment classes, equities have the largest share of 36.95% of assets, followed by debt securities at 31.59%, while balances held at credit institutions at 9.14%, real estate at 6.90%, loans and credits at 1.71% and other assets at 13.71%. After having taken currency hedge transactions into account, around 32.85% 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, or +43/(0)676/88 249 516