LONG-TERM
INVESTMENT STRATEGY

As the supreme body of ALSA PK, the Foundation Board decides on the investment strategy. Together with the professional asset manager, the investment committee is responsible for implementing the strategy and for short-term profit optimization.

 

 

Strategy Total assets as at 31.3.2021

Asset class Market value in thousands of CHF Allocation Strategy Range
Liquidity / other assets 110'636 4.8% 3.0% 0 – 20%
Nominal value investments 468'326 20.2% 21.0% 0 – 40%
- Bonds Switzerland 209'495 9.0% 9.0% 0 – 20%
- Bonds FW hdg CHF 29'398 1.3% 2.0% 0 – 5%
- Mortgages 229'433 9.9% 10.0% 0 – 15%
Shares 850'117 36.6% 35.0% 10 – 50%
- Shares Switzerland 653'857 28.2% 30.0% 10 – 40%
- Foreign stocks 196'260 8.5% 5.0% 0 – 10%
Real Estate Switzerland 714'220 30.8% 31.0% 20 – 45%
- Real estate directly 353'182 15.2%    
- Real estate indirect 361'037 15.6%    
Real estate abroad 39'260 1.7% 2.0% 0 – 5%
Alternative investments 114'848 4.9% 8.0% 0 – 14%
- Loan / Mezzanine CHF 27'268 1.2% 1.5% 0 – 2%
- private equities 87'580 3.8% 5.0% 0 -–10%
Infrastructure CHF 23'701 1.0% 1.5% 0 – 2%
Total 2'321'107 100.0% 100.0%