Institutional Investors Credit Suisse Swiss Pension Fund Index
A comparison of Swiss pension funds
Swiss Pension Fund Index
April 2023: 0.58%
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%.