Swisscanto: New investment group for mortgages
The Swisscanto Investment Foundation launched an investment group for Swiss mortgages as of September 30, 2016. According to the company, there are already capital commitments totaling CHF 200 million.
The new investment group invests in Swiss mortgages secured by properties in Switzerland. The mortgages are issued by the investment foundation itself or by third parties, such as banks, consultants and brokers or insurance companies. The investment foundation can take over newly issued mortgages as well as acquire existing mortgages, Swisscanto says.
The administration of the mortgages, the "servicing", is carried out by the external partner Avobis Credit Services AG. Portfolio management is delegated to Asset Management Swisscanto Invest by Zürcher Kantonalbank.
Swisscanto aims to achieve a balanced distribution of the portfolio in terms of market regions and types of use, although the residential share should be at least 50 percent. The average occupancy rate will be a maximum of 67 percent. (ah)
