September 9, 2024 – Austria’s pension funds managed assets of 27.6 billion euros at the end of the first half of the year. The investment performance was 1.25 percent in the second quarter and 3.98 percent in the first half of the year. In total, just over a million people are registered in the pension fund system.
Those: FMA
At the end of the second quarter of 2024, the eight Austrian pension funds managed a total of 27.60 billion euros in assets – 1.55 percent more than at the end of the first quarter.
Of this, 2.34 billion or 8.49 percent went to the three company pension funds and the rest to the inter-company pension funds.
This is evident from the new quarterly report published by Financial Market Supervision (FMA) published on Friday.
Almost three quarters in shares and bonds
95.50 percent of the assets are held indirectly through investment funds.
When broken down into investment classes, stocks make up the largest share at 39.94 percent. Bonds are the second largest item, accounting for around a third (33.28 percent).
Credit balances at credit institutions account for 6.11 percent, real estate for 5.92 percent, loans and credits for 3.14 percent and other assets for 11.61 percent.
After currency hedging transactions, around 34.87 percent of the assets were invested in foreign currency, the FMA reports.
1.25 percent performance in the second quarter, 3.98 in the half year
According to the FMA, the investment performance of pension funds calculated by the Oesterreichische Kontrollbank (OeKB) was +1.25 percent in the second quarter. In the first half of the year as a whole, it was +3.98 percent.
|
Pension fund segment |
Q2 2024 |
H1 2024 |
2023 ges. |
5 years pa |
10 years pa |
|---|---|---|---|---|---|
One million beneficiaries and beneficiaries
The number of people entitled to benefits and pensions grew by 0.21 percent to 1,081,514 in the second quarter compared to the first. Of these, 13.68 percent (147,985 people) were benefit recipients.
This means that around one in four employed persons in Austria (23.39 percent) are entitled to such a pension benefit, the FMA states.
Download
The “Quarterly Report Q2 2024 Pension Funds” can be downloaded as a PDF document from the FMA website can be downloaded.
