SWITZERLAND - Swiss pension fund assets under management increased CHF40bn (€24.7bn) to CHF615bn during 2006, according to Credit Suisse.
Favourable market conditions meant the funds enjoyed a positive end to the year, returning CHF15bn (2.45%) in Q4 alone.
The Credit Suisse index found pension funds continued to increase their real estate allocation – by 0.45% for the quarter and as much as 1.93% year-on-year – and ended at a new high of 14.04%.
Conversely Swiss bond allocations fell further still, CS said. “This segment fell for the third time running by 0.68%. Compared with the previous year, the weighting fell by 2.29% and now stands at 27.44%.”
One of the most notable trends was the decline in Swiss equity allocation ( down 1.26% year-on-year), as it came in spite of impressive returns.
The weighting of foreign currency bonds fell 0.39% during the quarter under review and 0.52% year-on-year.
Other asset classes such as alternative investments, foreign equities and liquidity did not change significantly either during the quarter under review or compared with the previous year.
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