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BVK Personalvorsorge des Kantons Zürich

32'051 million, -3.50%, 95.10%

Obstgartenstrasse 21
8006 Zürich
+41 58 470 40 00
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