Swiss Life AM lowers fees for the ESG Swiss Properties fund
A graduated model now applies to the administrative commission; previously there was a standard rate. This is accompanied by a reduction in the fee.
The fund management company of Swiss Life Asset Managers has changed the management fee for the Swiss Life REF (CH) ESG Swiss Properties real estate fund to a staggered model. Measured against the current fund volume of CHF 2.578 million, this reduces the fee from 0.60% to 0.54% of total fund assets.
Swiss Life Asset Managers has announced that this step is in response to the fund growth of recent years. In future, a staggered fee structure will apply, with lower rates as fund assets increase. From July 1, 2023, the first CHF 1 billion in assets will be charged at the previous 0.60%. The rate will fall by 0.05% with each subsequent CHF 500 million scale up to a lower limit of 0.40% of total fund assets. Currently, the effective annual rate is 0.54% of the total fund assets.
Swiss Life REF (CH) ESG Swiss Properties was launched in 2015 and holds 160 properties, primarily in Switzerland's economic centers and their agglomerations. The focus is on the greater Zurich area and the Lake Geneva region. (ah)
