Securing benefits through asset-liability management
The Pension Fund manages its assets in such a way that the regulatory benefits are secured at all times.
Accordingly, the pension fund's investments are aligned with its obligations. Since both the investments and the obligations change over time, an annual review of the asset-liability management (ALM) takes place.
Consequently, the Board of Trustees determines the investment strategy, taking into account the results of the ALM analysis. The investment strategy is largely responsible for the return generated by the securities portfolio.
Overview of investments
|Investment strategy||Portfolio as at 01.01.2019|
|Percentage||Percentage||in Mio. CHF|
|Foreign currency bonds||12%||10,7%||247|