Turbulent markets, clear strategies: How two different investment approaches respond to the challenges of the current year – and what that means for insured persons.
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A Challenging Start to the Year for Pension Funds
The year 2025 began under difficult circumstances:
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geopolitical tensions,
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a hesitant global economic recovery,
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and uncertainty surrounding inflation and interest rate policies.
As a result, many Swiss pension funds reported mixed performance. According to UBS, the median value for over 100 Swiss pension schemes as of the end of May stood at +1.07% (YTD) – a realistically subdued result that reflects current market conditions.
Direct Comparison of Tellco Pension Solutions: PULSE and PRO
Despite the demanding market environment, the Tellco pension solutions PULSE and PRO have both achieved encouraging performance so far this year. Both products demonstrate that clear investment strategies and active management can deliver sustainable results even under volatile conditions.
Distinct Strategies and Strengths
The pension solutions Tellco pk PULSE and Tellco pk PRO deliberately follow two distinct investment strategies, tailored to different needs and risk profiles:
Tellco pk PULSE
The PULSE solution pursues a more dynamic investment strategy with a higher equity allocation of 45%, which proves particularly advantageous during positive market phases. For instance, global equities performed strongly in May (global equities: +5.9%). The focus is on long-term capital growth – accepting greater volatility in return.
PULSE reports a year-to-date performance (YTD) of +1.88%, clearly surpassing the UBS median of +1.07%. In May 2025, the solution also achieved a strong monthly return of +2.09% – again above the UBS median of +1.65%.
Tellco pk PRO
In contrast, PRO follows a more balanced, stability-oriented strategy. The portfolio allocation places greater emphasis on real estate and targeted investments in alternative assets, while deliberately reducing the equity exposure. The aim is steady value growth with high predictability – even during volatile market phases.
PRO shows a year-to-date performance (YTD) of +0.71%, thereby validating its stability-focused approach in the current market environment. In May 2025, the solution posted a solid monthly return of +1.17%.
Two Solutions – Aligned to Your Needs
Whether growth-oriented or value-stable – the two Tellco pension solutions offer targeted responses to differing occupational pension needs.
Depending on the chosen model, insured individuals benefit either from targeted return opportunities through higher equity exposure (PULSE), or from stable asset accumulation with reduced risk (PRO).
Both solutions share a common goal: financially sustainable and forward-looking retirement planning – aligned with individual risk tolerance and strategic orientation.