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the swiss times

Swiss Pension Funds See Positive Returns Again

Swiss Pension Funds See Positive Returns Again

Tue, Jun 11th 2024

Swiss pension funds achieved strong returns in May, driven by Swiss and global equities.

KEYSTONE/Yannick Bailly

Swiss pension funds reported solid returns on invested assets in May, according to UBS. After deducting fees, the approximately 100 funds analyzed achieved an average performance of 1.15%. This positive outcome follows a strong first quarter and a downturn in April, bringing the year-to-date average return to 4.27%.

A smaller pension fund with assets under CHF 300 million led the performance in May with a 2.23% return, while a larger fund with over one billion francs in assets saw the lowest performance at -0.31%. The performance range was thus 2.54%.

Swiss equities significantly bolstered the funds’ performance, achieving a 6.01% return. Global equities and foreign currency bonds also contributed positively with returns of 2.21% and 0.14%, respectively. Conversely, Swiss franc bonds and hedge funds posted losses of 0.88% and 1.43%.

UBS experts noted that global equity markets rebounded well in May, buoyed by increased confidence in a soft economic landing and robust performance in the US subsector. The broad US S&P 500 index even hit a new high.

©Keystone/SDA

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