By Adam Cadle
The Credit Suisse Pension Fund Index rose 0.28 points or 0.22% for Q2 2012 according to latest figures released today. In addition, as of 30 June 2012, the index stood at 128.70 points.
The positive result for the quarter was directly as a result of +0.1% gains in April and +0.79% gains in June. Swiss franc bonds offered a +0.27% performance contribution, foreign currency bonds a contribution of +0.32% and real estate offered a return of 0.31%.
Despite the return of 0.22%, the second quarter did result in a shortfall of 0.15% compared to the BVG target. The annualised return of the index (since 1 January 2000) at the end of the quarter was 2.04% compared to the annualized BVG mandatory minimum rate of return of 2.76%.