The total assets managed by Austrian Pensionskassen amounted to € 16.7 billion in the first quarter of 2013, representing an increase of 2.5% compared with the previous quarter. The value of assets managed by insurance undertakings authorised to provide occupational pension group insurance in Austria increased by 8.4% on the previous three months, to € 610.7 million. The total number of pension company beneficiaries rose by 0.9% to a level of approximately 828,000 individuals, of whom around 77,000 (9.2%) were drawing a pension from this form of company old-age provision. These figures were disclosed in the Report on Q1 Performance of Austrian Pensionskassen published today by the Financial Market Authority (FMA).
The assets invested by all of the Pensionskassen combined produced an average investment result of 2.2% in Q1 2013. The average performance has amounted to 3.6% per year over the past three years, 2.6% over the past five years and 4.3% over the last ten years.
Debt securities accounted for the largest share of the portfolio, amounting to 49.6% of the total assets. Shares made up 31.7%, and cash at banks accounted for 6.6%. The remaining share was composed of real estate, loans and credits, as well as other assets. After taking currency hedge transactions into account, around 20.2% of the assets were invested in foreign currency in Q1 2013. The assets of the Pensionskassen were held almost entirely (93.8%) indirectly, through investment funds.
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-5106
+43/(0)676/882 49 516