Equities drag Switzerland’s Publica to 3.2% loss in 2018

first_imgSwitzerland’s largest pension investor made a net loss of 3.2% across the CHF37.6bn (€33bn) of total consolidated assets it managed for 20 pension plans last year, it announced yesterday.Without currency hedging, the result would have been 10bp higher (-3.1%), said Publica, which manages the retirement savings of federal employees.Publica runs money for 13 open pension plans and seven closed plans. The CHF34.3bn run for open pension plans lost an average 3.5% in 2018, while the seven closed plans’ invested assets lost an average 0.2%.The 0.2% loss for the closed pension plans was above the performance of the Pictet Swiss pension fund indices, while the result for the open pension plans was slightly below that of Pictet’s comparable indices, it said. The main reason for the negative performance in the open plans, Publica said, was its strategic decision to broadly diversify its portfolio and – among other things – to invest 16% in emerging market equities and bonds. Emerging market equities fell by 13%.The indices calculated by Pictet for Swiss pension fund portfolios have a small strategic allocation to emerging markets, so they were less affected by the downturn.Most major asset classes detracted from Publica’s overall performance last year, especially its equities allocation. Emerging markets weakened overall performance by just under 1.5%, while investment in industrialised countries weakened performance by roughly 2.1%.However, the strategic decision to invest in private infrastructure debt paid off, as these assets returned 2.1% in 2018, Publica said.The best performing asset classes were domestic and international real estate, which returned 6.7% and 4%, respectively. Together they added just under 0.5% to the portfolio.Publica’s annual average return was 2.9% over the period from 2000 to 2018, exceeding the average return of the fund’s benchmark by 20 basis points per year.The funding ratio for the open plans was estimated at around 100% as at the end of 2018, and at 107% for the closed plans.The results reported by Publica are unaudited, with exact figures due to be published alongside its 2018 annual report in the spring.The pension fund is rolling out a revised investment strategy that it decided on last year. This includes increasing its allocation to private markets, including real estate debt, and cutting its government and corporate bond allocations.last_img read more

Dominica wins health award

first_img Tweet Share Dominica’s Ministry of Health has captured the 2011 Surveillance Award from the Expanded Programme on Immunization (EPI) of the Caribbean Sub Region in Recognition of Excellent Report.The Award was presented to Dominica last month, at the 28th Caribbean EPI Mangers’ Meeting held in Barbados. Dominica’s EPI Manager, Senior Community Health Nurse, Florestine Lewis accepted the award.The immunization programme of the countries of the Caribbean Community has been one of the most successful and is used as a benchmark by which other programmes are measured.An annual Caribbean Surveillance Award has been established to recognize countries that have performed outstandingly on the surveillance component of their program during the previous year. The award is based on two main criteria• On-time reporting and• The percentage of sites reporting to the Caribbean Epidemiology Centre (CAREC).It consists of a certificate and the inscription of the name of the country on a plaque that is kept by the winning country during the following year, until a new country is selected. The award is announced during the annual Managers’ meeting. Florestine Lewis said she is elated that Dominica has finally won first place. Over the years Dominica has been receiving second and third places.” I want the award to remain in Dominica. I am urging the health care providers to continue reporting and send in the samples in a timely manner”.Head of the Surveillance Team, National Epidemiologist, Dr. Paul Ricketts, said it is a great honour to be recognised for outstanding work in EPI surveillance report. He expressed gratitude to all members of the health teams who contributed towards the process. Awards for the second and third places went to Antigua/Barbuda and St. Maarten, respectively.In addition to the surveillance awards, certificates of achievement and recognition were awarded to Belize for maintaining excellent achievement indicators for the Immunization Programme and to Guyana for consistency in achieving the indicators of the Immunization Programme. The Surveillance Award in Recognition of Excellent Report of the Expanded Programme on Immunization (EPI) of the Caribbean Sub Region was initiated in 1998 of which Anguilla won the first place.The award is furnished by the Pan American Health Organization (PAHO), the World Health Organization (WHO) and the Caribbean Epidemiology Centre (CAREC).Press Release Share 16 Views   no discussionscenter_img LocalNews Dominica wins health award by: – March 9, 2012 Sharing is caring! Sharelast_img read more

Adnan Ćatić optimistic prior to the Fight against Chudinov

first_imgAdnan Ćatić aka Felix Sturm will fight against Fedor Chudinov in Oberhausen today.In May 2015, Ćatić and Chudinov fought in Frankfurt. The Russian won back then, thanks to judges’ decision. Sturm, who is fighting under the German flag, did not manage to make it to the fifth title of the world champion in the fight for WBA belt.At the weighing yesterday, Sturm weighted 75.9 kilograms and Chudinov 76.2 kilograms.In this match, Felix will attempt to revenge to Chudinov. The boxer of BiH origin has been thoroughly preparing for thus fight. He believes he can win back the world champion title.“I have been training in the mountains a lot. I feel great and I am optimistic,” Sturm said for the German media.Chudinov highlighted that the fight will not be easy at all. What is certain is that Sturm will have great support of BiH fans.(Source: klix.ba)last_img read more

Post your FREE Garage Sale Ads here

first_imgby Tracy McCue, Sumner Newscow — The following are the garage sales that we have for May 2-3, 2014. If you still need garage sales just use the comment section below. Good luck, bargain hunting!Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (6) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. 0 Vote up Vote down Lori · 328 weeks ago Yard Sale Saturday May 3rd. 8am to 2pm lots of clothes and misc. Items. We are also going to have baked goods to help raise money for Relay for Life of Sumner County. Stop by and check it out. Report Reply 2 replies · active 328 weeks ago 0 Vote up Vote down pat · 328 weeks ago Address for sale Report Reply 0 Vote up Vote down Lori · 328 weeks ago Address is 715 East Harvey, sorry I forgot to add that Report Reply +1 Vote up Vote down Pat · 328 weeks ago What is the address for the above sale? Report Reply 0 replies · active 328 weeks ago 0 Vote up Vote down Mandy · 328 weeks ago Family Garage Sale! Saturday May 3, 8:00am-12:00pm. Address: 1501 North Plum in Wellington. Some items include: lots of girls clothing, Justice clothing, Victoria’s Secret clothing, Buckle clothing, girls bike, kids tv, umbrella stroller, shoes, girls skates, GPS, Nintendo DS, iPod, digital camera, iPhone 4 cases, household items, girls dance wear and shoes, bedding, and lots of misc! Report Reply 0 replies · active 328 weeks ago 0 Vote up Vote down Allison · 328 weeks ago Yard Sale Saturday, May 3rd, 8 am – 2 pm. LOTS of toddler/young child educational toys and games, wooden puzzles, magnetic books, electronic backboard ball toss. Strollers, Step 2 chairs, child’s picnic table, Little Tykes items such as a moveable basketball goal, two Dora trikes, stroller that makes the kid feel like they’re driving a car, like-new training potties, household items, China sets (one is Willow pattern), size 7-10 girls clothing including Justice brand, used bird cages, Oak entertainment center, China Hutch, lots of stuff! No early sales! 124 S Broadway Road, outside of Wellington. Report Reply 0 replies · active 328 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more