Analytics

 Investment Office

Selecting relevant market observations

Investment Thoughts
Asset Management
Pension Funds
Pension Funds Switzerland
Public Pension Funds
Corporate Pension Funds
Industry-Wide Funds
Multi-Employer Funds
Investment Advisors
User Manual
Family Offices
Wealth Managers
About
Disclaimer

Pension Funds Switzerland 2018

is made possible thanks to the following sponsors:

 

 

 

 

 

 

 

 

 

 

 

 

Sammelstiftung Vita

Vita Joint Foundation

 

 

 

 

 

 

 

   Pension Funds - Pension Funds Switzerland - Public Pension Funds

Pensionskasse Stadt Zürich (PKZH)

 

Pension Fund Name

 

Pensionskasse Stadt Zürich (PKZH)

 

 

Address Contact
Morgartenstrasse 30 Tel +41 44 412 5555
8036 Zürich

www.pkzh.ch

 

 

Facts and Figures

Description Pension Fund of the city of Zürich
Category Public Pension Fund
Foundation 1913
Membership 33’507 active, 18’594 retired
Assets 17'312 million
Performance 8.60%
Funded Ratio 117.80%

 

 

Senior Contacts

Director Dr. Ernst Welti

ernst.welti@pkzh.ch

Head Asset Management

Dr. Jürg Tobler

juerg.tobler@pkzh.ch

 

 

 

Assets Breakdown (31.12.2017)

Assets

Allocation

 Returns

Liquidity

   2.90%

Bonds CHF

   6.00%    0.10%
Bonds non-CHF   13.80%    0.70%
Bonds non-CHF inflation-linked    3.90%    2.30%
Bonds Corporate ex-CH    6.90%   -0.50%
Anlagen beim Arbeitgeber & Mortgages    4.50%  
Equity Domestic   32.50%  19.80%
Equity Foreign   26.90%   
Real Estate Domestic    8.40%    6.40%
Real Estate Foreign    4.80%    6.10%
Private Equity    6.60%  14.90%
Hedge Funds    9.10%    3.00%
Insurance-Linked-Securities    2.00%   -0.90%

100%

 8.60%

 

 

Assets Breakdown (31.12.2016)

Assets

Allocation

 Returns

Liquidity

   3.00%

Bonds CHF

   8.50%    0.70%
Bonds non-CHF    5.60%    1.10%
Bonds non-CHF inflation-linked    4.10%    3.00%
Bonds Corporate ex-CHF    4.20%  
Anlagen beim Arbeitgeber    3.10%  
Mortgages    1.10%  
Equity Domestic   6.70%   -1.40%
Equity Foreign  32.80%    8.10%
Real Estate Domestic    8.70%    6.40%
Real Estate Foreign    4.80%    4.70%
Private Equity    6.40%    6.10%
Commodities    1.30%   24.80%
Hedge Funds    9.70%   -0.80%

100%

 4.50%

 

 

Assets Breakdown (31.12.2015)

Assets

Allocation

 Returns

Liquidity

   2.60%

Bonds CHF

   9.50%
Bonds non-CHF    9.40%   -1.10%
Bonds non-CHF inflation-linked    4.00%   -1.00%
Anlagen beim Arbeitgeber    4.10%  
Mortgages    1.20%  
Equity Domestic   6.10%    2.70%
Equity Foreign   32.00%   -0.20%
Real Estate Domestic    8.50%    6.70%
Real Estate Foreign    4.50%    7.10%
Private Equity    6.50%    9.40%
Commodities    1.90% -32.20%
Hedge Funds    9.80%   -0.30%

100%

 -0.10%

 

 

Assets Breakdown (31.12.2014)

Assets

Allocation

 Returns

Liquidity, Annuities & Mortgages

 8.20%

Bonds CHF

11.50%
Bonds non-CHF 10.20%  8.80%
Bonds non-CHF inflation-linked  4.30%  3.70%
Equity Domestic  5.50% 12.10%
Equity Foreign 31.00%  9.50%
Real Estate Domestic  7.90%  7.20%
Real Estate Foreign  4.70% 18.30%
Private Equity  5.90% 18.70%
Commodities  1.80% -32.50%
Hedge Funds  9.00%   6.70%

100%

 7.10%

 

 

Assets Breakdown (31.12.2013)

Assets

Allocation

Returns

Liquidity, Money Market and Mortgages

12.40%

Bonds CHF

11.90%
Bonds non-CHF 12.60% -1.40%
Bonds non-CHF inflation-linked 4.20% -6.90%
Equity Domestic 5.20% 24.90%
Equity Foreign 26.10% 23.80%
Real Estate Domestic  8.60%  4.70%
Real Estate Foreign  3.70%  8.00%
Private Equity  5.10%  9.40%
Commodities  2.50%  0.70%
Hedge Funds  7.80% 11.00%

100%

6.50%

 

 

 

Assets Breakdown (31.12.2010)

Assets

Allocation

Returns

Liquidity, Annuities

and Mortgages

8.30% 3.10%

Bonds and

Money Market CHF

13.80% 3.60%
Bonds non-CHF 9.60% 3.20%
Bonds non-CHF inflation-linked 7.00% 4.80%
Equity Domestic 5.60% 1.90%
Equity Foreign 31.50% 9.80%
Real Estate Total 9.80%
Real Estate Domestic 7.90% 7.80%
Real Estate Foreign 1.90% 12.70%
Private Equity 4.60% 14.20%
Commodities 2.40% 8.60%
Hedge Funds 6.70% 6.30%
Liquidity Overlay 0.70%

100%

4.60%

 

 

Assets Breakdown (31.12.2009)

Assets

Allocation

Returns

Liquidity, Annuities

and Mortgages

9.10% 3.20%

Bonds and

Money Market CHF

16.60% 4.60%
Bonds non-CHF 12.90% 4.70%
Bonds CHF inflation-linked 6.10% 7.80%
Equity Domestic 5.10% 23.20%
Equity Foreign 27.50% 34.10%
Real Estate Total 9.20%
Real Estate Domestic 7.40% 8.50%
Real Estate Foreign 1.80% 1.10%
Private Equity 4.70% -17.80%
Commodities 2.50% 9.20%
Hedge Funds 6.40% 9.00%
Currency Hedge -0.10%

100% 10.70%

 

 

Assets Breakdown (31.12.2008)

Assets

Allocation

Returns

Liquidity, Annuities

and Mortgages

10.50% 3.60%

Bonds and

Money Market CHF

23.60% 6.00%
Bonds non-CHF 23.60%
Equity Domestic 3.70% -33.50%
Equity Foreign 15.90% -43.50%
Real Estate 9.10%
Private Equity 4.60% -6.70%
Commodity 0.00% -2.70%
Hedge Funds 5.70% -15.00%
Currency Hedge 3.30% 5.70%

100% -18.30%

 

 

Investment Advisors

Liquidity


Syz, Zurich; Pictet, Geneva

Bonds CHF (listed and

non-listed)

Pictet, Geneva; Swisscanto, Zurich; UBS, Zurich; GAM

Bonds non-CHF PIMCO, London; Aberdeen Standard; BlackRock, London;
Equity Domestic ZKB, Zurich

Equity Foreign

Baillie Gifford, Edinburgh; Credit Suisse, Zurich; Pictet, Geneva; ZKB, Zurich; Coronation, Kapstadt; Unigestion, Geneva; Westwood, Boston

Private Equity

Testina D1, Zurich; Testina D2, Zurich

 

 Insurance-Linked- Securities

 

Broadriver; Leadenhall; Nephila
 

Global Custody

 

  Banque Pictet & Cie SA, Geneva

 

 

 

Zurich

27.12.2011


 

 

 

Public Pension Funds

 

 

Corporate Pension Funds

 

 

Industry-Wide Funds

 

 

Multi-Employer Funds

 

 

 

 

Pension Funds Switzerland 2018

 For institutional investors only

 

Pension Funds Switzerland 2017

 For institutional investors only

 

Pension Funds Switzerland 2016

 For institutional investors only

 

 

Pension Funds Guide
Switzerland 2015

 For institutional investors only

pdf Version