The total assets managed by Austrian Pensionskassen (pension companies) stood at EUR 19.6 billion at the end of the 4th quarter of 2015, representing an increase of 2.5% compared with the previous quarter. The combined amount of assets invested by all the Pensionskassen produced an investment result of 2.2% in Q4 2015, and of 2.3% for the year as a whole. In the last three, five and ten years, the average performance of the Pensionskassen was 5.1%, 4.1% and 2.9% respectively. The total number of beneficiaries rose by 0.9% to approximately 880,000 individuals in comparison with the previous quarter. Around 89,000 (approx. 10%) of those individuals drew a pension from this form of company old-age provision. These findings have emerged from the Report on the Austrian Pensionskassen for the fourth quarter of 2015, which was published today by the Austrian Financial Market Authority (FMA).
Debt securities accounted for the largest share of the portfolio, amounting to 46.7% of total assets at the end of the fourth quarter. Equities made up 29.5%, while balances held at banks accounted for 11.9%. 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, at the end of 2015 around 17% of the assets were invested in foreign currencies. 95% of the assets of the Pensionskassen are held indirectly via investment funds.
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:
Ms. Annemarie Bauer
+43/(0)1/24959-6007