Asset allocation strategy

The asset allocation strategy and organisation are laid down in the asset allocation regulations. The execution of the asset allocation strategy is assigned to the Head of Asset Management, pension fund portfolio managment experts or external specialists.

Asset-Liability Management Study

Based on the financial statements as of 31 December 2023, our investment controller PPCmetrics AG conducted an asset-liability study (ALM) study. In this study, the financial and structural risk capacity of the Pension Fund were examined in detail. Based on the very good financial risk capacity, with normal structural risk capacity, the Board of Trustees has maintained the risk budget. The final investment strategy comes into force on 1 November 2025 and will include an Equity weighting of 30%. In the context of the adjusted investment strategy, the investment regulations have also been revised and come into force on 1 January 2025. The investment regulations only exist in German.