Global Custody Solutions Credit Suisse Swiss Pension Fund Index

Credit Suisse Swiss Pension Fund Index

A comparison of Swiss pension funds 

Swiss Pension Fund Index

Q1 2022: −3.47%
YTD: −3.47%

Q1 2022: Losses across the board

The Pension Fund Index fell by –7.27 points, or –3.47%, in the quarter under review. The index stood at 202.57 points as of March 31, 2022, having risen from a baseline of 100 points at the beginning of 2000. January (–1.86%) and February (–1.83%) were distinctly negative, while March  (0.20%) showed slight gains.

The lion’s share of negative performance in the first quarter was attributable to equities (–1.83%). Swiss equities made a return contribution of –0.83%, while foreign equities contributed –1.00%. With a distinctly negative performance contribution of –1.61%, bonds likewise weighed on the Q1 result. Real estate (–0.05%) and mortgages (–0.01%) were also slightly negative. The other asset categories were fairly unremarkable, but likewise ended in slightly negative territory with the exception of alternative investments (+0.07%).

Credit Suisse Swiss Pension Fund Index above BVG mandatory minimum rate of return over long term

The index of the BVG mandatory minimum rate of return (1% p.a. since January 1, 2017) rose by 0.39 points (0.25%) to 158.67 points in the reporting quarter from a baseline of 100 in January 2000. The return of the Credit Suisse Swiss Pension Fund Index was therefore –3.71% below the BVG requirement in the first quarter of 2022.

The annualized return on the Credit Suisse Swiss Pension Fund Index (since January 1, 2000) amounted to 3.22% as of March 31, 2022. This contrasts with an annualized BVG mandatory minimum rate of return of 2.09%.