Swiss Life REF (CH) Swiss Properties increases net asset value
The Swiss Life REF (CH) Swiss Properties real estate fund posted a net asset value of CHF 109.71 for the first half of the financial year. In the previous year, the figure was CHF 107.53.
According to Swiss Life Asset Managers, since its launch in November 2015, Swiss Life REF (CH) Swiss Properties has recorded an annualized performance of around 9.4% based on the stock market price, which corresponds to an increase of around 2 percentage points compared to the benchmark index (SXI Real Estate Funds Broad (TR): 7.4%).
In December 2020, the fund issued new units with a volume of CHF 500 million and completed the purchase of a real estate portfolio from Swiss Life. This had further strengthened the portfolio in economically strong regions such as Zurich, Lake Geneva and Northwestern Switzerland.
According to the annual report for the first half of the year (1.10.2020-31.03.2021), the Fund's rental income was CHF 32.6 million, and the rent default rate was 3.56%. The net income of the Fund was 18.3 million, and the total income amounted to 17.4 million. (ah)
