|
Pension Fund Name
BVK Personalvorsorge des Kantons Zürich
| Address |
Contact |
|
|
| Obstgartenstrasse 21 |
Tel +41 58 470 40 00 |
| 8006 Zürich |
www.bvk.ch |
|
|
Facts and Figures
| Description |
Pension Fund of the Canton of Zurich |
| Category |
Public Pension Fund |
| Membership |
85’007 active, 36’335 retired |
| Assets |
32'051 million |
| Performance |
-3.50% |
| Funded Ratio |
95.10% |
Senior Contacts
| Director |
Thomas Schönbächler |
|
|
Head Asset Management |
Adrian Wipf |
|
|
Equity and Investment Process |
Marcel Metry |
|
Assets Breakdown (31.12.2018)
| Assets |
Allocation |
Returns |
|
|
|
| Liquidity |
3.90% |
-0.44% |
| Bonds CHF |
17.90% |
0.42% |
| Bonds non-CHF |
18.40% |
0.92% |
| Bonds Emerging Markets |
|
-4.44% |
| Mortgages |
4.00% |
1.24% |
| Equity Domestic |
8.60% |
-8.27% |
| Equity World Developed Markets |
17.00% |
-9.02% |
| Equity Emerging Markets |
5.60% |
-13.59% |
| Real Estate Domestic |
16.50% |
4.97% |
| Real Estate Foreign |
1.70% |
-0.32% |
| Alternative Investments Liquid |
3.10% |
-10.05% |
| Alternative Investments Illiquid |
2.70% |
5.03% |
|
|
|
|
|
100% |
-3.50% |
Assets Breakdown (31.12.2017)
| Assets |
Allocation |
Returns |
|
|
|
| Liquidity |
3.00% |
-0.27% |
| Bonds CHF |
16.50% |
0.12% |
| Bonds non-CHF |
18.20% |
1.98% |
| Bonds Emerging Markets |
|
7.61% |
| Mortgages |
3.80% |
1.23% |
| Equity Domestic |
9.10% |
19.81% |
| Equity World Developed Markets |
19.70% |
16.91% |
| Equity Emerging Markets |
6.30% |
31.87% |
| Real Estate Domestic |
15.30% |
5.54% |
| Real Estate Foreign |
1.60% |
5.63% |
| Alternative Investments Liquid |
3.60% |
8.35% |
| Alternative Investments Illiquid |
2.40% |
13.12% |
|
|
|
|
|
100% |
9.00% |
Assets Breakdown (31.12.2016)
| Assets |
Allocation |
Returns |
|
|
|
| Liquidity |
3.20% |
-0.37% |
| Bonds CHF |
16.50% |
1.43% |
| Bonds non-CHF |
18.70% |
6.07% |
| Mortgages |
3.20% |
1.23% |
| Equity Domestic |
8.40% |
-1.00% |
| Equity World Developed Markets |
19.70% |
12.67% |
| Equity Emerging Markets |
6.50% |
12.92% |
| Real Estate Domestic |
16.00% |
5.44% |
| Real Estate Foreign |
1.60% |
7.16% |
| Alternative Investments Liquid |
3.30% |
16.01% |
| Alternative Investments Illiquid |
2.30% |
0.47 |
|
|
|
|
|
100% |
5.72% |
Assets Breakdown (31.12.2015)
| Assets |
Allocation |
Returns |
|
|
|
| Liquidity |
4.50% |
-0.03% |
| Bonds CHF |
17.30% |
2.16% |
| Bonds non-CHF |
15.90% |
-2.82% |
| Bonds Emerging Markets |
2.80% |
-4.67% |
| Mortgages |
2.80% |
2.14% |
| Equity Domestic |
8.50% |
2.85% |
| Equity World Developed Markets |
16.80% |
-0.61% |
| Equity Emerging Markets |
5.90% |
-14.46% |
| Real Estate Domestic |
16.60% |
6.51% |
| Real Estate Foreign |
2.20% |
3.06% |
| Commodities |
4.00% |
-26.02% |
| Private Equity |
2.00% |
13.78% |
|
|
|
|
|
100% |
-0.75% |
Assets Breakdown (31.12.2014)
| Assets |
Allocation |
Returns |
|
|
|
| Liquidity |
5.90% |
-0.04% |
| Bonds CHF |
14.50% |
-1.58% |
| Bonds non-CHF |
16.50% |
1.41% |
| Bonds Emerging Markets |
3.00% |
-0.43% |
| Mortgages |
2.12% |
1.90% |
| Equity Domestic |
9.50% |
24.66% |
| Equity Foreign |
16.50% |
24.37% |
| Equity Emerging Markets |
5.80% |
0.70 % |
| Real Estate Domestic |
16.40% |
6.30% |
| Real Estate Foreign |
2.20% |
3.48% |
| Commodities |
4.10% |
-6.51% |
| Private Equity |
1.90% |
9.17% |
|
|
|
|
|
100% |
6.12% |
Assets Breakdown (31.12.2013)
| Assets |
Allocation |
Returns |
|
|
|
| Liquidity |
10.00% |
-0.04% |
| Bonds CHF |
12.70% |
-1.58% |
| Bonds non-CHF |
16.40% |
1.41% |
| Bonds Emerging Markets |
1.10% |
-0.43% |
| Mortgages |
3.30% |
1.90% |
| Equity Domestic |
9.10% |
24.66% |
| Equity Foreign |
15.80% |
24.37% |
| Equity Emerging Markets |
5.70% |
0.70 % |
| Real Estate Domestic |
17.00% |
6.30% |
| Real Estate Foreign |
2.00% |
3.48% |
| Commodities |
4.90% |
-6.51% |
| Private Equity |
2.00% |
9.17% |
|
|
|
|
|
100% |
7.40% |
Assets Breakdown (31.12.2010)
| Assets |
Allocation |
Returns |
|
|
|
| Liquidity |
13.70% |
-1.10% |
| Bonds CHF |
11.50% |
3.40% |
| Bonds non-CHF |
8.40% |
-5.60% |
| Mortgages |
5.10% |
2.10% |
| Convertible Bonds |
4.20% |
2.20% |
| Equity Domestic |
12.70% |
3.50% |
| Equity Foreign |
17.00% |
2.70% |
| Real Estate Total |
21.40% |
5.10% |
| Real Estate Domestic |
18.60% |
|
| Real Estate Foreign |
2.80% |
1.40% |
| Alternative Investments |
6.00% |
5.00% |
| Hedge Funds |
0.30% |
-8.60% |
| Commodities |
3.80% |
13.60% |
| Private Equity |
1.90% |
-1.60% |
|
|
|
|
|
100% |
2.20% |
Assets Breakdown (31.12.2009)
| Assets |
Allocation |
Returns |
|
|
|
| Liquidity |
14.80% |
-0.40% |
| Bonds CHF |
10.70% |
5.90% |
| Bonds non-CHF |
9.20% |
5.90% |
| Mortgages |
5.40% |
2.10% |
| Convertible Bonds |
3.70% |
27.80% |
| Equity Domestic |
12.70% |
24.30% |
| Equity Foreign |
15.30% |
35.10% |
| Real Estate Total |
20.90% |
6.90% |
| Real Estate Domestic |
18.40% |
3.60% |
| Real Estate Foreign |
2.50% |
|
| Alternative Investments |
7.30 |
2.50% |
| Hedge Funds |
2.40% |
0.10% |
| Commodities |
3.20% |
15.00% |
| Private Equity |
1.60% |
-16.00% |
|
|
|
|
|
|
|
|
100% |
11.20% |
Assets Breakdown (31.12.2008)
| Assets |
Allocation |
Returns |
|
|
|
| Liquidity |
15.80% |
2.50% |
| Bonds CHF |
10.20% |
5.20% |
| Bonds non-CHF |
9.90% |
|
| Mortgages |
5.90% |
3.00% |
| Convertible Bonds |
5.00% |
-24.10% |
| Equity Domestic |
11.00% |
-34.50% |
| Equity Foreign |
12.20% |
-46.50% |
| Real Estate Total |
22.00% |
|
| Real Estate Domestic |
20.00% |
3.60% |
| Real Estate Foreign |
2.00% |
|
| Alternative Investments |
8.00% |
-31.30% |
| Hedge Funds |
3.10% |
|
| Commodities |
3.30% |
|
| Private Equity |
1.60% |
|
|
|
|
|
|
|
|
|
100% |
-15.60% |
Investment Managers
|
Bonds
|
BVK; Allianz Global Investors; Northern Trust Global Investments; BlackRock Advisors; JPMorgan AM; PGIM Inc. |
| Bonds Emerging Markets |
Lazard AM; PGIM Inc.
|
| Equity Domestic |
Pictet AM; Schroders IM; UBS AM |
| Equity Foreign |
BlackRock Advisors; State Street; Barrow, Hanley, Mewhinney & Strauss; Pictet AM; State Street GI; Dimensional Fund Advisory
|
|
Alternative Investments Liquid
|
Merrill Lynch International |
| Alternative Investments Illiquid |
BVK, LGT Capital Partners
|
|
Global Custodian
|
JP Morgan (Suisse) SA |
| 
