Helvetica lowers fees for all funds
The measure applies retroactively as of January 1. The fund management company has recently undergone a management change and announced a consolidation.
The fee for the Helvetica Swiss Commercial Fund (HSC) will fall from 0.70 to 0.60 % for 2024, after which it will rise again to 0.65 %. The Swiss Opportunity (HSO) fund will be reduced from 0.70 to 0.65 % and the fee for the Swiss Living Fund (HSL) will even fall from 0.70 to 0.45 %. The decision was made "on the basis of in-depth analysis of market conditions and a benchmarking comparison with peers". The reduction in management fees will come into force retroactively from January 1, 2024. The particularly significant reduction in the HSL fund is intended to "consolidate the product's position in the market and strengthen the value proposition", according to the statement. "By reducing the management fee, we are underlining our commitment to the interests of our investors and our confidence in the long-term strategies of the funds," says Marc Giraudon, the new CEO of Helvetica.
Giraudon took over the management of the company at the end of last month, namely slightly earlier than originally announced. In the fall, Helvetica announced a realignment and heralded a phase of "consolidation" (IB reported). According to the annual report, Helvetica's Commercial Fund recorded redemptions of 21 % of fund units in 2023. (aw)
