Securities cause negative performance for PUBLICA
Bern, 17.1.2023 - Last year was an eventful one, including on the global financial markets. This left its mark on the Swiss Federal Pension Fund PUBLICA’s investment results. Net performance was -9.6%, mainly due to the equity and bond asset classes. Directly held real estate had a positive impact on results. The rise in interest rates means that a return to much higher performance can be expected over the long term. PUBLICA decided on changes to its strategic asset allocation in June 2022, and these are now being implemented on a staggered basis.