Pension funds show negative returns in April

Pension funds show negative returns in April
Pension funds show negative returns in April

Zurich (awp) – Pension funds whose assets are deposited with UBS recorded an average performance last month of -0.95% after deduction of fees, according to the monthly study of the number one Swiss bank published on Monday.

Since the start of the year, the yield is 3.06% and the annualized yield since the publication of the barometer in 2006 is 3.08%, according to the study by the three-key bank based on some 100 funds pensions.

Last month, the performance gap of all pension institutes was 1.76 percentage points. The best result (-0.20%) was obtained by a medium-sized pension fund with assets under management of between 300 million and one billion Swiss francs. The worst result (-1.96%) was achieved by a small pension fund with assets under management of less than 300 million.

The smallest performance gap (1.51 percentage points) was recorded among large pension funds, with total assets under management of more than one billion.

During the month of April, all asset classes experienced mixed performance. Measured in Swiss francs, Swiss stocks (-2.52%) showed the biggest decline, followed by global stocks (-1.26%). Listed bonds were also negative, at -0.24% for those in Swiss francs and -0.59% for those in foreign currencies.

In their analysis, UBS experts observe that “the second quarter has started in an unstable way for investors. Not only have geopolitical uncertainties resurfaced, but also fears that US interest rates could remain high for longer .”

cw/jh

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