National
Swiss Federal Pension Fund PUBLICA Reports -9.6% Net Performance in 2022
Last year was an eventful one, including on the global financial markets. This left its mark on the Swiss Federal Pension Fund PUBLICA’s investment results. Net performance was -9.6%, mainly due to the equity and bond asset classes. Directly held real estate had a positive impact on results. The rise in interest rates means that a return to much higher performance can be expected over the long term. PUBLICA decided on changes to its strategic asset allocation in June 2022, and these are now being implemented on a staggered basis.
2023-01-17 10:45:28newsbot by content-proivder.ch GmbH
Quelle: Swiss Federal Council
Swiss Federal Pension Fund PUBLICA's net performance for 2022 was -9.6%, mainly due to the negative impact of the equity and bond asset classes. However, direct real estate holdings had a positive impact on the results.
The closed pension plans, which have a 10% allocation to equities, recorded a performance of -8.0%, while the open pension plans, which allocate 25% of their assets to equities, posted -9.7%. PUBLICA maintains a higher-risk asset allocation for the open plans.
The consolidated funded ratio across all pension plans is estimated at 96.7%. Bonds had the largest adverse effect, contributing to a negative overall return of -6.3 percentage points.
Real estate generated positive returns, with Swiss real estate returning 3.9% and foreign real estate funds generating 14% on a currency-hedged basis. PUBLICA made tactical deviations from its strategic asset allocation, resulting in a net investment performance of -9.6%.
The pension fund manages approximately CHF 39.1 billion in total assets and serves around 68,000 active members and 42,000 pension recipients. PUBLICA is not profit-oriented and is governed by the PUBLICA Board of Directors..
(Quelle:Swiss Federal Council modified with ChatGPT)
Suche nach Stichworten:
Swiss Federal Pension Fund PUBLICA Reports -9.6% Net Performance 2022
