At the end of the 3rd Quarter of 2020, assets under management by Austrian Pensionskassen (pension companies) stood at € 23.8 billion. This corresponds to an increase of 2.3% compared to the preceding quarter, but is still around € 500 million below the all-time high at the end of 2019. Four fifths of the COVID-19-related decreases sustained due to the capital market turbulence as a result of the outbreak have therefore been recovered. The total number of beneficiaries rose by 0.4% in comparison with the previous quarter to 989,000 individuals. 11.8% (117,000) are already receiving a pension benefit. The investment performance calculated by the Oesterreichische Kontrollbank (OeKB) for the 3rd quarter was +2.2%; the investment performance for the first nine months of 2019 however was -2.5%. On average for the last three, five and ten years the performance stands at +1.7%, +3.1% and +3.6% respectively. These findings have emerged from the Report on the Austrian Pensionskassen for the third quarter of 2020, which was published today by the Austrian Financial Market Authority (FMA).
97.33% 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 40.73% of assets, followed by equities at 34.74%, while balances held at credit institutions stand at 6.38%. 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 27.48% of the assets were invested in foreign currencies. The full quarterly report can be found (in German only) via this link.
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-6006 or +43/(0)676/88 249 516