PK SBB trims back ILS allocation by $69mn to $321mn

07 April 2022

Swiss rail pension scheme PK SBB reduced its allocation to ILS by $69mn last year, down to CHF293mn ($321mn) as of 31 December 2021, compared to CHF345mn ($390mn) a year earlier.

The investment returned a loss of 2.4% for the year, compared to a loss of 7.0% in 2020.

The returns were set against a benchmark used by SBB which showed a profitable return of 4.2%

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