Institutional Investors Credit Suisse Swiss Pension Fund Index

Credit Suisse Swiss Pension Fund Index

A comparison of Swiss pension funds 

Swiss Pension Fund Index

April 2023: 0.58%
YTD: 3.07%

A robust April – increased returns in the reporting month

The Pension Fund Index rose by 1.12 points, or 0.58%, in the month under review; this gives a change of 3.07% since the start of the year. The index stood at 194.40 points as of April 30, 2023, having risen from a baseline of 100 points at the beginning of 2000.

The lion's share of April's positive performance was attributable to equities (+0.30%): While the contribution from Swiss equities was highly positive at 0.45%, global equities (–0.15%) detracted from the monthly result. Positive returns were also observed for CHF bonds (+0.16%), real estate (+0.11%), and liquidity (0.08%). Foreign currency bonds (–0.06%) and alternative investments (–0.03%) weighed on the monthly result, while the other asset categories failed to make any impact.

The index of the BVG mandatory minimum rate of return (1% p.a. since January 1, 2017) rose by 0.13 points (+0.08%) to 160.39 points in the month under review from a baseline of 100 in January 2000. The return on the Credit Suisse Swiss Pension Fund Index was therefore 0.30% above the BVG requirement as of April 30, 2023.

The annualized return on the Credit Suisse Swiss Pension Fund Index (since January 1, 2000) amounted to 2.89% as of the end of April. This contrasts with an annualized BVG mandatory minimum rate of return of 2.05%.

Credit Suisse Swiss Pension Fund Index

Download detailed results for the first quarter of 2023 (PDF) This link target opens in a new window
The detailed, final* analysis of the Credit Suisse Swiss Pension Fund Index for the entire second quarter of 2023 will likely be published toward the end of July. Publication of the next monthly evaluation is scheduled for June 8, 2023.