The assets managed by Austrian Pensionskassen (pension companies) stood at € 20.6 billion at the end of the 3rd Quarter of 2016, corresponding to an increase of 3.6% compared to the previous quarter. The total number of beneficiaries rose by 0.4% during the period from July to September 2016 to approximately 895,000 individuals, of whom approximately 10.3% drew a pension. The investment performance calculated by the Oesterreichische Kontrollbank (OeKB) stood at 3.2% for the 3rd quarter; while in the last three, five and ten years average performance was +5.1%, +5.6% and +2.9% respectively. These findings have emerged from the Report on the Austrian Pensionskassen for Q2 of 2016, which was published today by the Austrian Financial Market Authority (FMA).
95.8% 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 43.1% of assets, followed by equities with around 28.9%, while balances held at credit institutions stand at around 14.8%. 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 22.2% 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:
Mr. Tiemon Kiesenhofer, MBA
+43/(0)676/882 49 610