The investment performance last year was plus 2.5 percent. That is below the multi-year average.
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At the end of 2020, the domestic pension funds managed almost 25 billion euros in assets. In a year-on-year comparison, this is an increase of 2.73 percent or EUR 681 million, and for the third quarter of 2020 an increase of 5.1 percent, the Financial Market Authority (FMA) announced on Thursday. The investment performance for the full year was positive despite the market volatility due to the corona crisis, at plus 2.5 percent.
However, the performance calculated by the Oesterreichische Kontrollbank (OeKB) is slightly below the multi-year average. On a three, five and ten year average it was plus 2.8 percent, plus 3.7 percent and plus 3.9 percent, respectively. As in the previous year, there were eight pension funds in Austria this year, five of them inter-company and three purely operational. The number of beneficiaries and beneficiaries rose in the fourth quarter by 0.6 percent to almost 995,000. Around 12 percent of these are already receiving a pension.
For the most part (96.83 percent) the pension funds hold the assets indirectly in investment funds. Of these, bonds have the largest share at 37.21 percent, followed by stocks (36.35 percent), bank balances (7.90 percent) and real estate (5.48 percent). Around a quarter (26.18 percent) of the assets after currency hedging transactions were invested in foreign currencies.
