Asset classes and expected returns

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31.12.2018

 

31.12.2017

in CHF thousands

 

Share of total assets

 

Share of total assets

Equities

 

 

 

 

listed market prices (Level 1)

 

82'533

 

90'895

other than listed market prices

 

0

 

0

Bonds

 

 

 

 

listed market prices (Level 1)

 

163'452

 

154'196

other than listed market prices

 

0

 

0

Real estate

 

 

 

 

listed market prices (Level 1)

 

1'457

 

1'581

other than listed market prices

 

29'805

 

24'600

Alternative financial investments

 

23'530

 

28'937

Qualified insurance policies

 

109'171

 

97'431

Other financial investments

 

165

 

0

Cash and cash equivalents

 

20'879

 

28'736

The expected return on bonds and shares is based on the yield for long-term Federal notes and the corresponding market expectations. The remaining expected returns are based on empirical values.