SWITZERLAND - The average Swiss pension fund portfolio returned 3.9% in the third quarter, according to WM Performance Services.
Releasing the results of the WM Performance Services Swiss Balanced Universe for Q3, State Street’s performance measurement division said the median manager in the Swiss Balanced Universe returned 3.9% for the quarter - equal to the previous quarter.
The figure was slightly below the WM Performance Services Swiss Balanced Benchmark return of 4%, but above the 2.7% benchmark return for the Pictet BVG/LPP index.
Peter Leutnegger, marketing and sales VP at WM Performance Services, said the continuing good performance was also reflected in the rolling one-year return, which at 12.4% is the second-best quarter-end figure this decade. This is obviously good news for Swiss pension funds that are trying to claw back funding deficits or improve their funding ratios, he said. The median manager of WM’s Swiss Equities universe achieved a return of 10.4%, only slightly underperforming the SPI index return of 10.9%.
In the International Equities universe, the median manager posted a return of 8.2% against the corresponding MSCI World Index of 7.5% for the quarter.
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