Pension funds with positive performance again in July
Published: Monday, Aug 12th 2024, 08:00
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Swiss pension funds once again achieved a positive performance on average in July. The strong first half of the month on the stock markets was the main reason for this.
The more than 100 pension funds analyzed by UBS achieved an average performance of 0.80 percent on the pension assets under management (after deduction of fees) in the month under review, as the major bank announced on Monday.
The performance was already positive in the previous two months, with the most recent decline in April. The return after seven months is therefore 5.96%.
In July, the average performance of the various asset classes was mostly positive. Measured in Swiss francs, Swiss equities (2.72%) performed the best, followed by bonds denominated in Swiss francs (1.01%). Bonds in foreign currencies (0.42%), global equities (0.27%) and direct (0.16%) and indirect real estate investments (0.26%) also performed positively.
On the other hand, so-called alternative investments performed negatively. Private equity brought up the rear (-1.63%), followed by hedge funds (-1.07%) and infrastructure investments (-0.48%).
Wide bandwidth
Meanwhile, the performance range of all pension funds was high at 1.69 percentage points. According to UBS, the best result (1.61%) was achieved by a small pension fund with assets under management of less than CHF 300 million, while the worst (-0.08%) was achieved by a medium-sized pension fund with assets under management of between CHF 300 million and CHF 1 billion.
As there was extreme turbulence on the international financial markets in the first few trading days of August, pension fund performance this month could be significantly worse than in previous months.
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