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Credit Suisse Swiss Pension Fund Index

A comparison of Swiss pension funds

Published quarterly, the Credit Suisse Swiss Pension Fund Index gives a representative,
up-to-date picture of second pillar (employee benefit) investment activity. Thanks to the breadth of its analysis, the index accurately reflects the behavior of pension funds that have a global custody arrangement with Credit Suisse.

A Mixed Year for Investments

Performance of Swiss Pension Funds on the Basis of Credit Suisse Global Custody Data as at December 31, 2011.

The Credit Suisse Swiss Pension Fund Index (blue line), which was launched with a value of 100 at the beginning of 2000, saw a mixed investment year. In the reporting quarter, the index rose by 3.11 points, or 2.56%, to 124.63 points as of December 31, 2011. Both October (1.61%) and December (1.16%) contrib­uted to the positive performance, while a negative trend of – 0.23% was observed in November. The BVG mandatory minimum rate of return (the gray line, which also started with a baseline of 100 as of January 2000) improved by another 0.5% or 0.68 points in the reporting quarter, climbing to 139.45 and reducing the difference to 14.82 points as of December 31, 2011. The index posted a – 0.56% return for the 2011 investment year, thereby underperforming the BVG target by 2.56%. The annualized return (since start of measurement) of the Credit Suisse Swiss Pension Fund Index was 1.85% at the end of the quarter. By contrast, the annualized BVG mandatory minimum rate was 2.81%.

• Swiss Pension Fund Index 4th Quarter 2011 PDF (611KB)

Important Information

When interpreting these figures, it must be kept in mind that the Credit Suisse Swiss Pension Fund Index is not an artificially constructed performance index but an index based on actual pension fund data. Consequently, the index is “alive,” which significantly increases its informative value regarding the current investment behavior of Swiss pension funds. On the other hand, the fact that it is constantly revised limits the comparability of data over time. The index is nevertheless an up-to-date indicator, especially as highly accurate pension fund data remains difficult to obtain.

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