The Credit Suisse Swiss Pension Fund Index posted a -0.56% return for the 2011 investment year despite rising by 3.12 points or 2.57% in Q4, new figures have revealed.

Credit Suisse found that the index had underperformed the BVG target by 2.56% and the annualised return of the index from 1 January 2000 to the end of the quarter was 1.85%. This compared to the annualized BVG mandatory minimum rate of return, which was recorded at 2.81%.

Across 2011, performance contributions for liquidity were recorded at -0.32%, Swiss equities -1.01%, foreign equities -1.46% and alternative investments -0.11%.

However, Q4 statistics showed that performance contribution figures for foreign figures were recorded at 1.41%. Swiss equities reached 0.75%, foreign currency bonds 0.23%, Swiss bonds 0.14% and real estate 0.13%, resulting in a slight upturn in performance in December.

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