The types of funds listed here differ in terms of the products (asset classes) in which the fund is
permitted to invest.
Equity funds allow the fund
management to invest the capital mainly in
funds may be focused on various criteria, such as sectors, geographical areas, special themes or
Money market funds
Money market funds provide short-term liquidity to borrowers. In return
for the capital invested, the borrower pays a market rate of interest which benefits the fund and
therefore also the investor.
Bond funds invest in fixed-income securities. The fund assets are invested
in bonds from various borrowers, such as governments and companies. Bond funds do reflect the
current interest rate environment in the market, but the price fluctuations are often muted due to
the diversification of the
bonds in the fund and the range of maturities.
Strategy funds are also called asset allocation funds or portfolio funds. They contain
diversified investments, which means that they invest all over the world in equities, bonds and
money market instruments. The weighting of the individual categories of securities and foreign
currencies is based on the asset allocation or risk tolerance defined in
the fund contract.
Within a given category of securities, the fund manager allocates the equities component, for
example, to various sectors or regions, or the bond component to various maturities. This allows
the fund manager to diversify the individual investment categories and to adjust the weighting of
securities to current developments on the financial markets.
Real estate funds
Real estate funds
generally invest in commercial or residential real estate. A large proportion of the
investment funds listed and admitted to trading on the SIX Swiss Exchange are real estate funds.
Unlike the units of other fund types, which can be sold at any time, the sale of units
of real estate funds is subject to prior notice. Units can be redeemed at the end of the financial
year after a twelve-month notice period.