Swiss pension funds produce 0.7% median return, says ASIP

first_imgThe median return for Swiss pension funds stood at 0.7% last year, according to pension fund association ASIP.As at the end of 2015, the allocation of ASIP’s sample portfolio, as calculated by Towers Watson, stood at approximately 10% domestic equities, 20% foreign equities, 37% bonds and 20% real estate.Real estate was the chief driver of returns, with direct Swiss property returning 5.3%, indirect Swiss property 5.1% and foreign real estate 3%, respectively, ASIP said.Commodity investments, accounting for 3% of portfolios on average, fared worst over the period, producing a 23% loss in ASIP’s sample portfolio. Domestic bonds returned just under 2%, while foreign bonds lost 3.7%, with both asset classes accounting for roughly 18% of ASIP’s model portfolio.The Swiss pension fund association said many schemes were thinking to increase exposure to equities, real estate and “even alternatives such as infrastructure”, given the investment market for bonds.It also pointed out that some Pensionskassen had divided their liquidity holdings among various banks to avoid having to pay a negative interest rate, which some banks are demanding above a certain threshold.ASIP said 2015 would be the last year for which it would calculate an average return, as “there is now a large number of other performance information available”.For example, the Credit Suisse Pensionskassen index, based on a portfolio of Credit Suisse custodial clients, returned 0.95% over the same period, again due mainly to the performance of real estate, which accounted for 22.37% of the overall portfolio, a record high.According to calculations made by UBS based on its client sample, the average return for 2015 was 0.7%.In its sample, real estate was also the best performer and accounted for 27% of the overall portfolio.Pictet’s 2015 index returned between 0.11% and 0.48%, with higher returns achieved by the portfolios with a lower equity exposure.last_img read more


first_imgDonegal resident and Birmingham Six member Johnny Walker has spoken of his friendship with tragic Jim Stynes.Walker, who lives in Carrickfin, first met the Irish/Australian football star when he was released from prison in 1991.Walker, 76, travelled to Melbourne where he met Stynes and the pair instantly hit it off. The unlikely pair remained close friends and would often visit eachother’s houses.Walker told that he was heartbroken to hear of Stynes’ death.“He had a heart that was only matched by the size of the man himself. I can’t remember how tall he stood – it seemed like 6’6” but he was a gentle giant.“I am honoured to have known big Jim and I am very saddened by his passing. He was just such a down-to-earth fella and we just hit it off. “I remember him landing in my sister’s house in Derry with some friends one time and they just all slept on the floor in her front room. She still talks about that night,” said Johnny.Walker, who spent sixteen years in prison after wrongly being accused of carrying out the Birmingham bombings, was jailed in 1975.He says Jim used to often call to Donegal for a few days when he was in Ireland just to walk on the beach or go down to the local pub for a couple of pints.He said he was particularly impressed by Stynes’ sportscar in Australia which had the registration plate ‘Eire 32’.Walker said he often got and sent Christmas and St.Patrick’s Day cards to Stynes. “I remember visiting him with his family in Dublin and they were just lovely people. My thoughts are with them at this time,” he said.DONEGAL RESIDENT WALKER REVEALS HIS CLOSE FRIENDSHIP WITH TRAGIC JIM STYNES was last modified: March 21st, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:carrickfinJim StynesJohnny Walkerlast_img read more