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 31.03.2023
| Asset class | Market value in thousands of CHF | Allocation | Strategy | Range |
|---|---|---|---|---|
| Cash / other assets | 87'790 | 3.4% | 3.0% | 0-20% |
| Investments in nominal value | 438'076 | 16.8% | 21.0% | 0-40% |
| - Bonds Switzerland | 185'222 | 7.1% | 9.0% | 0-20% |
| - Bonds FW hdg CHF | 0 | 0.0% | 2.0% | 0-5% |
| - Mortgage loans | 252'853 | 9.7% | 10.0% | 0-15% |
| Shares | 898'594 | 34.5% | 35.0% | 10-50% |
| - Swiss Equities | 740'055 | 28.4% | 30.0% | 10-40% |
| - Foreign equities | 158'539 | 6.1% | 5.0% | 0-10% |
| Swiss real estate | 910'313 | 35.0% | 31.0% | 20-45% |
| - Direct real estate | 571'214 | 21.9% | ||
| - indirect real estate | 339'099 | 13.0% | ||
| Real estate abroad | 46'844 | 1.8% | 2.0% | 0-5% |
| Alternative investments | 171'991 | 6.6% | 6.5% | 0-12% |
| - Loan / Mezzanine CHF | 15'265 | 0.6% | 1.5% | 0-2% |
| - private equity | 156'725 | 6.0% | 5.0% | 0-10% |
| Infrastructure CHF | 50'230 | 1.9% | 1.5% | 0-2.5% |
| Total | 2'603'837 | 100.0% | 100.0% |