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 30 September 2019
| Asset class | Market value in thousands of CHF | Allocation | Strategy | Range |
|---|---|---|---|---|
| Liquidity / other assets | 126'593 | 7.0% | 3.0% | 0 – 20% |
| Nominal value investments | 257'534 | 14.2% | 21.0% | 0 – 40% |
| - Bonds Switzerland | 212'501 | 11.7% | 9.0% | 0 – 20% |
| - Bonds FW hdg CHF | 0 | 0.0% | 2.0% | 0 – 5% |
| - Mortgages | 45'033 | 2.5% | 10.0% | 0 – 15% |
| Shares | 711'917 | 39.2% | 35.0% | 10 – 50% |
| - Shares Switzerland | 552'510 | 30.5% | 30.0% | 10 – 40% |
| - Foreign stocks | 159'406 | 8.8% | 5.0% | 0 – 10% |
| Real Estate Switzerland | 542'986 | 29.9% | 31.0% | 20 – 45% |
| - Real estate directly | 248'306 | 13.7% | ||
| - Real estate indirect | 294'679 | 16.2% | ||
| Real estate abroad | 38'067 | 2.1% | 2.0% | 0 – 5% |
| Alternative investments | 137'287 | 7.6% | 8.0% | 0 – 14% |
| - Loan / Mezzanine CHF | 23'380 | 1.3% | 1.5% | 0 – 2% |
| - private equities | 90'653 | 5.0% | 5.0% | 0 -–10% |
| - Infrastructure CHF | 23'255 | 1.3% | 1.5% | 0 – 2% |
| Total | 1'814'384 | 100.0% | 100.0% |