According to the report published today by the Financial Market Authority FMA on the fourth quarter of 2010, assets managed by Austrian Pensionskassen rose by 3.2% during the period, to €14.9 billion. In comparison, the assets managed by insurance undertakings licensed to operate in Austria in the scope of occupational pension group insurance increased by 2.7% to €447.7 million. In total, assets worth around 5.4% of the Austrian GDP were invested in company old-age provision. The number of beneficiaries grew by 1.6% compared with the previous quarter. Of all dependently employed persons in Austria, around one fifth (19.4%) held an entitlement to a pension from a Pensionskasse in 2010.
The investment performance of investments by all of the Pensionskassen in total registered 6.5% in 2010. Due to differing investment strategies and in some cases high degrees of volatility in the financial markets, the investment results of the investment and risk sharing groups varied in 2010 between 1.2% and 11.8%. The asset allocation recorded a relatively high quarter-on-quarter change: Reduction in government bonds of -5.1%, increase in shares of +3.8% and bank deposits of +2.2%. The remaining investment categories remained largely unchanged.