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. 

The Credit Suisse Swiss Pension Fund Index continued to develop positively and reached a new all-time high in the middle of the third quarter.

Performance of Swiss Pension Funds on the Basis of Credit Suisse Global Custody Data as at September 30, 2016. 

In the reporting quarter the Credit Suisse Swiss Pension Fund Index advanced by 2.65 points (1.70%) to 158.62 points as of September 30, 2016, from a baseline of 100 at the start of 2000. A new all-time high of 158.65 points was reached in August. A strong performance in July (1.13%) was followed by slower growth in August (0.58%) and a move into slightly negative territory in September (–0.01%).

All asset classes contributed to the positive performance in the reporting quarter. The bulk of the advance for the Credit Suisse Swiss Pension Fund Index was due to foreign equities, which made a positive contribution of 0.84%; this was followed by Swiss equities (0.42%), real estate (0.22%), foreign currency bonds (0.10%), Swiss bonds (0.06%), alternative investments (0.03%), others (0.02%), liquidity (0.01%), and mortgages (0.00%).

The BVG mandatory minimum rate of return (1.25% p.a. since January 2016) rose by 0.47 points (0.31%) to 150.13 points in the reporting quarter, likewise from a baseline of 100 at the start of 2000. The return of the Credit Suisse Swiss Pension Fund Index is therefore 1.39% above the BVG requirement in the reporting quarter.

The annualized return of the Credit Suisse Swiss Pension Fund Index (since January 1, 2000) is 2.79% as of September 30, 2016. This contrasts with an annualized BVG mandatory minimum rate of return of 2.46%.

Credit Suisse Pension Fund Index 3rd quarter 2016 PDF