Profond achieves yield of 2.6%
Profond Vorsorgeeinrichtung sees its investment strategy, which is based on a high proportion of equities and real estate, confirmed. Despite the Corona pandemic, it achieved a total return of 2.6%.
Although the performance of the 2020 financial year was significantly below the previous year's figures, the Profond pension fund said that the key figures achieved confirmed the long-term investment strategy. With a total return of 2.6%, retirement assets earned interest of 1.75%. The minimum interest rate set by the Federal Council is 1%.
The provisional contribution margin is reported to be 109% as of the end of 2020. In addition, assets under management would have increased slightly, reaching CHF 9.82 billion at year-end. (ah)
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