Swisscanto Pension Funds Monitor as at 31 March 2012
(Thomson Reuters ONE) -
Swisscanto Holding AG /
Swisscanto Pension Funds Monitor as at 31 March 2012
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Media release
Stock markets help Swiss pension funds in the first quarter
Zurich, 17 April 2012 - The Swisscanto Pension Funds Monitor shows encouraging
improvement in the financing situation of the Swiss pension institutions in the
first quarter of 2012, thanks to positive growth in the stock markets. Overall,
the average asset-weighted coverage of all pension institutions surveyed grew in
the first quarter from 97.0% to 98.8%. As such, the financing situation of the
Swiss pension funds has grown closer to the level seen at the beginning of 2011.
The stock market trends led to a slight improvement in the cover ratio situation
in the first quarter. For this reason, an encouraging upward trend has been
apparent in the last two quarters in the form of increasing cover ratios.
Fluctuation reserves are therefore approaching the levels seen at the beginning
of 2011.
In the case of the private-law pension funds, the estimated asset-weighted cover
ratio increased by 1.9 percentage points compared to the previous quarter to
105.0%. A similar picture is evident at the public-law pension funds, where the
cover ratio increased by 1.8 percentage points to 89.9%. As is well known,
public-law funds with a state guarantee are permitted a partial capitalisation
of 80%, whereas private-law funds have to establish a fluctuation reserve and
therefore strive for a cover ratio of greater than 100%.
The pension institutions surveyed achieved an average asset-weighted yield of
2.4% since the beginning of 2012. As a result, the proportion of funds with a
coverage shortfall has fallen. The estimated proportion of private-law funds
with a coverage shortfall is significantly lower at 17% (previous quarter: 26%)
than at the end of 2011.
The basis for the current estimates as at 31 March 2012 are the actual details
as at 31 December 2010 of 365 pension institutions with total assets of CHF 431
billion. The estimates are projections on the basis of market developments and
the investment strategy chosen by the respondents to the survey at the beginning
of 2011.
Further information is available at www.swisscanto.ch/pk-monitor.
Your contact:
Beat Amstutz, Head of Communication,
Telephone +41 58 344 43 21, beat.amstutz(at)swisscanto.ch
Swisscanto Holding Ltd., Waisenhausstrasse 2, 8021 Zurich
www.swisscanto.ch
Swisscanto - a leading asset manager
In Switzerland, Swisscanto is one of the leading investment fund providers,
asset managers and providers of occupational and private pension solutions. The
joint venture of the Swiss Cantonal Banks has total clients' assets under
management amounting to CHF 51.7 billion and has 390 employees in its Zurich,
Berne, Basle, Pully and London offices (all figures as at 31 December 2011).
As an acknowledged specialist, Swisscanto develops high-quality investment and
pension solutions for private investors, companies and institutions. Swisscanto
regularly receives national and international awards as a fund provider.
Furthermore, Swisscanto is well known for its pioneering role in sustainable
investments as well as for the "Swiss Pension Funds" study published annually.
Swisscanto Pension Funds Monitor as at 31 March 2012:
http://hugin.info/134397/R/1603054/506620.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Swisscanto Holding AG via Thomson Reuters ONE
[HUG#1603054]
Unternehmensinformation / Kurzprofil:
Datum: 17.04.2012 - 10:00 Uhr
Sprache: Deutsch
News-ID 135616
Anzahl Zeichen: 4416
contact information:
Town:
Bern 25
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 162 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Swisscanto Pension Funds Monitor as at 31 March 2012"
steht unter der journalistisch-redaktionellen Verantwortung von
Swisscanto Holding AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
