SIX is pleased to welcome the Swiss Life Funds (CH) Money Market Swiss Francs as its newest member on the CO:RE Repo Market.
As Markus Weiss, Portfolio Manager of Swiss Life Funds (CH) Money Market Swiss Francs at Swiss Life Asset Managers says: “This is undoubtedly a significant milestone for us. We are proud to be the first money market fund to be active on the SIX Repo CO:RE platform. This allows us to set new standards in liquidity management - efficient, secure, and independent. The access enables us to manage cash flows flexibly. Especially in periods of market stress, when liquidity becomes scarce, we can still meet withdrawals - without diluting performance for the remaining fund investors.”
Joining the CO:RE Repo market will allow this Swiss Life fund to invest on a short-term basis at attractive rates via reverse repos. Regarding outflows, they use straight repos for financing - without having to sell securities on the market. This avoids transaction costs and protects fund performance, bringing trust and stability. Especially during extreme market dislocations, when wide bid/ask spreads or even liquidity bottlenecks occur, their ability to act remains fully intact. Additionally, the SIX Repo market offers a counterparty network of over 160 banks and insurance companies, which significantly strengthens their independence.
Weiss confirmed their positive experiences with the first transactions which were successfully completed: “We are extremely satisfied with the efficiency of the processes and with market liquidity. Settlement via SIX tri-party agent is highly automated and offers the highest operational security - a decisive advantage in the money market.”
He added that reverse repos are a low-risk, short-term investment option with attractive interest rates - clearly better in the current market environment than classic overnight deposits at banks. That is particularly interesting for a money market fund.
SIX Repo CO:RE access is real added value for their investors who could benefit from a professionally managed fund that can react flexibly to market movements, minimal transaction costs, and at the same time offers attractive returns with high security, even in tense market phases. This means an all-round carefree solution: maximum security and permanent availability.
You can find more information on the website of Swiss Life Asset Managers, our website or contact us via the contact form.