As at year-end 2018, the assets under management by Austrian Pensionskassen (pension companies) stood at € 21.4 billion, thereby falling by € 813 million or -3.7% during the final quarter of 2018. The total number of beneficiaries (entitled and recipients) rose by 0.8% to approximately 948,000 in comparison with the previous quarter. Approximately 11% of the beneficiaries (entitled and recipients), or around 104,000 persons, are already drawing a pension benefit from this form of company old-age provision. The Oesterreichische Kontrollbank has calculated on behalf of the Pensionskassen, that the average investment result in 2018 stood at -5.2%; of which -4.2% was during the 4th quarter. These are the findings of the Austrian Financial Market Authority (FMA) in the report published today about the development of business of Austrian Pensionskassen (pension companies) during the 4th quarter of 2018.
The assets of the Pensionskassen are invested as follows: 41.63% in debt securities, 25.42% in shares, 17.38% in cash at banks, 6.00% in real estate, 1.06% in loans and 8.51% in other asset forms. The Pensionskassen hold 95.88% of their assets indirectly through investment funds. Moreover, around 21.75% of investments – less hedges – are held in foreign currencies. More than 99% of the total assets are values at market prices by the Pensionskassen, with fluctuations in value directly effecting the result.
The average investment performance, calculated by the Oesterreichische Kontrollbank on behalf of the Pensionskassen, stood at -5.2% in 2018 compared with +6.1% in 2017. The average performance over the last three years stands at +1.6%; over the last five year +3.0%, and over the last ten years at +4.0%.
Klaus Grubelnik (FMA Media Spokesperson)