Swisscanto fund with 6.2% investment return
The Swisscanto (CH) Real Estate Fund IFCA increased its investment return in the 2018 financial year. However, the overall performance was below the SWIIT benchmark index.
Swisscanto (CH) Real Estate Fund IFCA increased its net income from CHF 36.0 million to CHF 36.6 million in the 2008 financial year. Total fund assets as of the end of 2018 amounted to 1.58 billion (previous year 1.53 billion), according to Swisscanto.
The fund, which invests in apartments in the mid-price segment, recorded an investment return of 6.2% (previous year 5.95%). The annual performance of -7.23% lagged behind the benchmark SWIIT index (-5.32%). The distribution remains stable at CHF 3.30 per unit.
In the current financial year, the fund intends to focus on its portfolio management and increase the quality of the portfolio through internal growth, Swisscanto says. (ah)
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