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FMA Report for Q4 2020 on Austrian Pensionskassen: assets managed increases to € 24.98 billion, 2020 investment performance +2.5%

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The assets managed by Austrian Pensionskassen (pension companies) stood at € 24.98 billion at the end of the 4th Quarter of 2020, corresponding to an increase of +5.1% or € 1.2 billion compared to the previous quarter. Compared with year-end 2019 this was an increase of € 681 million, an increase for the whole year in 2020 by + 2.73%. The total number of beneficiaries rose by 0.6% to approximately 995,000 during the 4th quarter, of whom approximately 12% already draw a pension benefit. The investment performance calculated by the Oesterreichische Kontrollbank (OeKB) for the 4th quarter was +5.1%; and investment performance of 2.5% for the full year 2020 despite capital market turbulences and volatile markets caused by the COVID-19 pandemic. On average for the last three, five and ten years the performance stands at +2.8%, +3.7% and +3.9% respectively. The number of Pensionskassen (pension funds), eight, remained unchanged in 2020; five of which offered their services for multiple employers, and three being single-employer Pensionskassen. These findings have emerged from the Report on the Austrian Pensionskassen for the 4th Quarter of 2020, which was published today by the Austrian Financial Market Authority (FMA).

96.83% 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 37.21% of assets, followed by equities at 36.35%, while balances held at credit institutions stand at 7.90% and in real estate at 5.48%. The remainder is in the form of loans and credits as well as other assets. After having taken currency hedge transactions into account, around 26.18 % 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)676/88 249 516