BVK Personalvorsorge des Kantons Zürich

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BVK Personalvorsorge des Kantons Zürich

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