Austrian Pensionskassen recorded slightly negative investment performance of -0.7% during the first quarter of 2011. Due to the variety of investment strategies and sometimes high volatility on the financial markets, the results of the investment and risk sharing groups (IRG) ranged between -1.9% and 1.1%. This is the news that has emerged from the report published by the Financial Market Authority FMA today on the Q1 2011 performance of the Austrian Pensionskassen.
As at 31 March 2011, the total value of assets managed by the Austrian Pensionskassen amounted to €14.9 billion, which was around the same level as in the previous quarter. By way of comparison, the value of assets managed by insurance undertakings authorised to provide occupational group insurance in Austria increased by 4.1%, climbing to €465.9 million.
The number of beneficiaries of the Pensionskassen rose by 1.9% in comparison with the previous quarter. Currently some 777,000 people are in the pension company system, of whom around 67,000 people (8.7%) draw a pension from this form of company old-page provision.
The largest change in the asset allocation was the reduction of the holding in shares, by
-2.4 percentage points. The proportion taken up by corporate bonds rose in contrast, by 1.3 percentage points. Bank deposits also increased again by 1.1 percentage points, currently occupying 9.6%. The other investment categories were almost completely unchanged.
As at the end of Q1 2011, some 38.7% of the entire assets of the Pensionskassen are invested in “balanced” schemes, with the actual proportion of this group of assets that is taken by shares being 30.8%. The investment performance of this group in Q1 2011 was around
-1.0%. The second largest investment group, with 25.5% of the total assets, comprises the “dynamic” IRG investments, which achieved slightly better performance of -0.6%. Notwithstanding this, a smaller proportion of shares in Q1 2011 achieved investment results that tended to be better.
You can find the full 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