increase of 1.0% compared with Q3 2012. The value of assets managed by insurance undertakings authorised to provide occupational pension group insurance in Austria rose by 5.95%, to €563.6 million. The total number of beneficiaries rose by 1.4%, in comparison with the previous quarter, to a level of approximately 820,000 individuals, of whom around 76,500 (9.3%) drew a pension from this form of company old-age provision. The news was disclosed in the Report on Q4 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 1.8% in Q4 2012. The combined performance of all four quarters of 2012 indicated growth of 8.4%. In the last three, five and ten years, the Pensionskassen achieved an average performance of 3.8%, 1.2% and 3.9% respectively.
Debt securities accounted for the largest share of the portfolio in Q4 2012, amounting to 52.0% of the total assets. Shares made up 29.5%, and credit held at banks accounted for 9.1%. The remaining share was attributed to loans and credits, real estate and other assets. As at 31 December 2012, around 17.1% of the assets were invested in foreign currency, after taking currency hedge transactions into account. The assets of the Pensionskassen were held almost entirely (93.9%) 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