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%