The assets managed by Austrian Pensionskassen (pension companies) stood at € 24.3 billion at the end of the 4th Quarter of 2022, an increase of +0.05% or € 11.56 million compared to the previous quarter. Over the course of 2022 as a whole, the managed assets fell by -9.75% or € 2.63 billion compared with the 2021 year-end figures, especially as a result of the capital market turbulences as a consequence of the Russian military invasion of Ukraine. The number of beneficiaries (entitled and recipients) increased during the 4th quarter by +1.14% to just over 1,041,000; their number increased by approx. 26,500 (+2.61%) over the whole year. As a result, 23.41% of all non-self-employed in Austria have an entitlement to such a pension benefit. 13.14% of the beneficiaries (entitled and recipients) are already drawing a pension benefit from this form of company old-age provision. The investment performance calculated by the Oesterreichische Kontrollbank (OeKB) for the 4th quarter was +0.07%; with performance for the full year 2022 of -9.68%. On average for the last three, five and ten years, the performance stands at -0.12%, +1.08% and +3.08% respectively. The number of Pensionskassen (pension funds), remained unchanged for the fourth year in a row at eight; five of which offered their services for multiple employers, with the remaining three being single-employer Pensionskassen. These findings have emerged from the Report on the Austrian Pensionskassen for the 4th Quarter of 2022, which was published today by the Austrian Financial Market Authority (FMA).<\/p>
96.38% of the assets of the Pensionskassen are held indirectly via investment funds. Broken down into investment classes, equities have the largest share of 36.82% of assets, followed by debt securities at 31.71%, while balances held at credit institutions stand at 8.74% and real estate at 7.11%. The remainder is in the form of loans and credits (2.5%) as well as other assets (13.12%). After having taken currency hedge transactions into account, around 29.15% of the assets were invested in foreign currencies.<\/p>