Assets management
The strategic asset allocation is implemented through the monthly rebalancing process. It consists of measuring the allocation gaps between the investments and the strategy in order to decide on the transactions to be carried out (purchases or sales) to minimize these gaps while ensuring liquidity needs and controlling costs.
In general, the Fund assets are invested in pooled funds managed by professional wealth management firms.
Assets allocation
The Fund’s assets were allocated as follows :
Allocation in %
|
31.12.2023
|
Strategic
allocation
|
---|---|---|
Cash and short-term investments | 1.1 | 2.0 |
Equities | 28.3 | 28.0 |
Private-equity investments | 10.3 | 7.0 |
Bonds | 41.0 | 40.0 |
Swiss real estate | 16.2 | 16.0 |
International real estate | 2.0 | 3.0 |
Infrastructure | 0.9 | 4.0 |
Hedge funds | 0.2 | 0.0 |
Total | 100.0 | 100.0 |
- Cash and short-term investments
- Equities
- Private-equity investments
- Bonds
- Swiss real estate
- International real estate
- Infrastructure
- Hedge funds
Performances
Performances in % | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
Fund | 5.3% | -13.6% | 10.2% | 5.3% | 14.0% |
Fund’s investements strategy | 7.1% | -14.5% | 9.8% | 5.4% | 13.6% |
- Fund
- Strategy