Q2 2019 FMA Report on Austrian Pensionskassen: Assets under Management increased by 2.2% to € 23.1 billion; investment performance +1.7% | FMA Österreich

Q2 2019 FMA Report on Austrian Pensionskassen: Assets under Management increased by 2.2% to € 23.1 billion; investment performance +1.7%

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The assets managed by Austrian Pensionskassen (pension companies) increased by € 496.7 million or +2.2% compared with the preceding quarter during the second quarter of 2019, to € 23.1 billion. The total number of beneficiaries also rose by +0.3% during the same period to approximately 961,000 individuals, of whom approximately 11%, or just over 107,000 persons drew already a pension. The investment performance calculated by the Oesterreichische Kontrollbank (OeKB) for the 2nd quarter was 1.7%; the total investment performance for the first half of 2019 was 6.9%. On average for the last three, five and ten years the performance stands at +3.9%, +3.4% and +4.5% respectively. These findings have emerged from the Report on the Austrian Pensionskassen Sector for the second quarter of 2019, which was published today by the Austrian Financial Market Authority (FMA).

At the end of the second quarter of 2019, the Pensionskassen held 97.18% of the assets to be managed as units in investment funds. Broken down into investment classes, debt securities had the largest share of the portfolio, amount to 46.61% of assets, followed by equities at 32.39%, while balances held at credit institutions stand at around 6.46%. The remainder is in the form of real estate, loans and credits as well as other assets. After having taken currency hedge transactions into account, around 30.58% of the assets were invested in foreign currencies.

The full quarterly report can be found (in German only) on the FMA website

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