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