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Swiss pension funds post -12% returns in difficult 2022
ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.
Swiss roundup: Compenswiss warns financial stability of AHV, IV funds not enough
ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.
Compenswiss reaches CHF2bn in 2021 returns
ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.
By Luigi Serenelli2021-02-15T11:20:00+00:00
Compenswiss, the public institution managing Switzerland’s first pillar social security funds AHV, IV and EO, has hit “positive results” on investments with net returns of 5.22% in 2020.
Eric Breval, managing director at Compenswiss, told IPE that equities contributed to half of the fund’s performance. Gold also played its part although the fund invests much less in gold than in equities.
Net returns on assets in 2020 were below the 10.22% achieved in 2019 – a record year for the fund – considering also hedging measures, especially against exchange rate fluctuations. Net return on liquidity was -0.09% last year compared to -0.08% at the end of 2019.
By Luigi Serenelli2021-01-07T16:00:00+00:00
Compenswiss, the public institution managing Switzerland’s first pillar social security funds AHV, IV and EO, chose to remain invested in equities at the peak of the pandemic last year, a decision that led to “fully benefit” from the following stock market recovery, Manuel Leuthold, the chair of the institution, said in an interview with national paper
Handelszeitung.
Leuthold added that at its lowest point, at the end of March, Compenswiss returned -10% for the entire portfolio.
The fund benefited from the use of “hedging instruments”, he said, adding that the vigorous rebound was surprising with central banks massively contributing to it. Central banks have since boosted liquidity and pushed for lower bond yields in a move to reduce risk and loosen up tight markets.