Breadcrumb

Broadly diversified

Our strategic asset allocation

Shares, bonds, real estate, precious metals and infrastructure projects are the most important asset classes in which we invest our active members’ pension capital.

The strategic asset allocation defines the asset classes we invest pension capital in, and what proportion we invest in each. The most important asset classes are shares, bonds, real estate, precious metals and infrastructure projects.

PUBLICA has eleven open and one closed pension plans. The open plans are made up of active members and pension recipients. The closed plan contains only pension recipients, which means it is less able to absorb risks. For this reason, there is one strategic asset allocation for the open pension plans and another for the closed one.

Current strategic asset allocation

Current strategic asset allocation (approved in June 2023)

Details on the current Strategic Asset Allocation

How we invest your money.

The pension assets you hold with PUBLICA are part of your own personal assets. If you’d like to know how they’re invested, you can check the pro-forma allocation of your investments to each asset class in the myPublica portal. Log in and select «My pension account» à «Allocation by asset class».

Performance and funded ratio

Performance in past years
Funded ratio

The investment guidelines

The investment guidelines contain specific rules telling staff of PUBLICA Asset Management how they should invest pension assets:

Investment Guidelines

Portrait von Stefan Beiner

Asset classes: equities positive, large regional differences in bonds and real estate

The financial markets have been highly volatile since the start of 2022, and the escalation of the Middle East conflict in October 2023 has further exacerbated the geopolitical situation. The global economic uncertainty is also leaving its mark on our investment portfolio. In this interview, Stefan Beiner, Head of Asset Management at PUBLICA, explains how the individual asset classes are faring, what the key drivers of investment performance are, whether PUBLICA will be adjusting its strategic asset allocation, and what we are doing to deal with the strong franc.

More topics of interest

Our investment beliefs

Learn how we spread the assets across asset classes, how we set the risk budget, which investment horizon we work from, and how we implement the strategic asset allocation.

Our investment process

Learn who does what and who is responsible for each aspect of investment.

Our real estate portfolio is growing

Learn more about where we invest in properties everywhere and what our investment criteria are.