UBS merges real estate funds
From 2025, the existing Credit Suisse real estate funds will also operate under the UBS brand. In addition, eight real estate funds with similar investment strategies are to be merged into three funds by 2027.
Following the integration of Credit Suisse Funds AG, UBS Fund Management is planning to merge products with similar investment strategies. This is intended to strengthen the diversification and resilience of the funds concerned, according to UBS's Swiss fund division. The bank's portfolio currently includes 14 Swiss real estate funds.
The following fund mergers are planned: The four exchange-traded Swiss residential real estate funds with direct real estate holdings (CS REF LivingPlus, UBS Direct Residential, Residentia and CS REF Hospitality) are to be merged in 2025. The merger of the two exchange-traded mixed-use Swiss real estate funds with direct real estate holdings (CS REF Green Property and UBS Direct Urban) is planned for the following two years. Finally, the two exchange-traded commercial Swiss real estate funds with indirect real estate holdings (UBS "Swissreal" and CS REF Interswiss) are to be merged in 2026/27. The remaining six real estate funds, for which there are no equivalents in the investment strategy, will remain unaffected by the changes.
The funds' uniform brand identity is to be introduced as early as 2025. The listed Swiss real estate funds will then operate under the UBS name. A uniform management fee (amounting to 0.54% of the average total fund assets) will then also apply. All other fees are also to be harmonized. (aw)
