Global Custody Solutions Credit Suisse Swiss Pension Fund Index
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.
Positive Start to Year for Credit Suisse Swiss Pension Fund Index Leads to New All-Time High
In the reporting quarter, the Credit Suisse Pension Fund Index advanced by 4.40 points (2.76%) to reach a new all-time high of 164.03 points as of March 31, 2017, from a baseline of 100 at the start of 2000.
After a marginal positive start in January (+0.26%), the Credit Suisse Pension Fund Index showed a remarkable increase (+1.83%) in February before ending the first quarter in March on a slightly more moderate note (+0.65%).
All asset classes posted positive returns in the first quarter of the year. Swiss equities (+1.03%) and foreign equities (+1.03%) contributed most to the sizable advance in the Credit Suisse Swiss Pension Fund Index. The real estate asset class also made a significant contribution (+0.49%).
Smaller contributions were made by Swiss (+0.06%) and foreign currency bonds (+0.05%), alternative investments (+0.03%), liquidity (+0.03%), others (+0.02%), and mortgages (+0.01%).
The BVG mandatory minimum rate of return (1% p.a. since January 2017) rose by 0.38 points (0.25%) to 150.97 points in the reporting quarter, likewise from a baseline of 100 in January 2000. The return of the Credit Suisse Swiss Pension Fund Index is therefore 2.51% above the BVG requirement in the first quarter of 2017.