PUBLICATION OF FDC'S ANNUAL REPORT 2022
FDC’s annual report 2022 sets out the highlights of the past year as well as FDC's year-end results.
The year 2022 has undoubtedly been a difficult year for investors, with a negative performance in both equity and bond markets, against a backdrop of high inflation, low growth, tightening of monetary policies and geopolitical risks. The sound principle of risk diversification thus failed to protect investors' portfolios.
In this very difficult context, FDC registered a negative net income of 3.15 billion euros. Overall, FDC's annual rate of return was -11.93%. Thus, the year 2022 neutralised the effects of an excellent financial year 2021.
Since its launch in 2004, FDC has posted an annualised rate of return of 4.00%. This rate of return is above the target return set by FDC’s successive investment strategies.
The overall reserve of the general pension insurance scheme, thus amounting to 24.54 billion euros, represented 4.29 times the amount of annual pension benefits at the end of the year 2022.
In addition to the financial management of the pension reserve, the past year was mainly dedicated to the review of FDC's investment strategy and responsible investor policy.