Pension funds perform well in September
Published: Wednesday, Oct 9th 2024, 10:40
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Swiss pension funds achieved a clearly positive performance on average in September. Bonds in foreign currencies and non-Swiss equities performed particularly well.
The more than 100 pension funds analyzed by UBS achieved an average performance of 0.63 percent on the pension assets under management (after deduction of fees) in the month under review, as the major bank announced on Wednesday.
Performance had already been positive in the previous months, but only just so in August. The only decline in the year to date was recorded in April (-0.91%). The return after nine months is therefore 6.81%.
The average performance of the various asset classes was mostly positive in the month under review, with only Swiss equities (-1.32%) and private market investments (-0.37%) recording a decline. The best performers were bonds in foreign currencies (+2.16%) and global equities excluding Switzerland (+1.76%).
Smaller cash registers slightly better
According to UBS, the performance of all pension funds ranged from -0.25% to +1.30%. Overall, smaller funds with less than CHF 300 million in assets under management (+0.68%) performed slightly better than funds with assets between CHF 300 million and CHF 1 billion (+0.59%) or those with assets over CHF 1 billion (+0.58%).
Looking ahead, investors should brace themselves for lower interest rates and prepare for the potential impact of the US elections on the markets, UBS continues. However, the positive outlook for equities and bonds remains intact as global economic conditions stabilize.
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