As at 31 December 2011, assets under management by Austrian Pensionskassen totalled €14.8 billion, representing an increase of 1.7% over the previous quarter. An increase was also seen in the value of assets managed by insurance undertakings authorised to provide occupational pension group insurance in Austria, rising by 4% to a level of €510.1 million. The total investments of all Pensionskassen resulted in an investment performance of 1.1% in Q4. For 2011 as a whole, average performance was -3.0% as a result of a high level of volatility in investment results. The news was disclosed in the Report on Q4 Performance of Austrian Pensionskassen published today by the Financial Market Authority FMA.
The total number of beneficiaries rose by 1.1% in Q4 to a level of approximately 792,000 individuals, 71,300 of whom were receiving pension benefits.
The largest share of the portfolio managed by Pensionskassen in Q4 was invested in government bonds or bonds guaranteed by state or regional governments (34.0%), shares (25.9%), corporate bonds (18.0%) and bank deposits or credit held with banks (11.7%). Compared with Q3, the share of government bonds or bonds guaranteed by state or regional governments showed the most striking change, dropping by 2.3%. The share of corporate bonds increased by 1.5%.
You can find the Quarterly Report (in German) on the FMA website at: https://www.fma.gv.at/pensionskassen/offenlegung/quartalsberichte/
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-5106
+43/(0)676/882 49 516