The assets managed by Austrian Pensionskassen (pension companies) stood at € 20.8 billion at the end of the 4th Quarter of 2016, corresponding to an increase of 1.3% compared to the previous quarter. The combined amount of assets invested by all the Pensionskassen produced an investment result of 0.9% in Q4 2016, and of 4.2% for the year as a whole. In the last three, five and ten years, the average performance of the Pensionskassen was 4.8%, 5.5% and 2.7% respectively. As at year-end 2016 the number of beneficiaries (entitled and recipients) stood at approx. 903,000 (+0.9%). Around 94,000 or 10.4% 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 2016, which was published today by the Austrian Financial Market Authority (FMA).
Debt securities accounted for the largest share of the portfolio of Austrian Pensionskassen, making up 40.2% of total assets in the 4th Quarter of 2016. Equities made up 32.7%, while balances held at banks accounted for 13.9%. 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 2016 around 20.9% of the assets were invested in foreign currencies. 96.0% 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:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-6006
+43/(0)676/882 49 516