Truststone: Fund switches to over-the-counter trading
The Sicav's OTC trading will now be handled by SFP. The prices of the fund units are now shown on a NAV basis.
Truststone Real Estate Sicav changed the over-the-counter trading of fund units on February 1. From now on, the prices of the units will be shown on the basis of the net asset value or net asset value. In addition, Swiss Finance & Property AG is taking over the processing of OTC trading from Banque Cantonale Vaudoise. The fund management company explains that the switch to a NAV-based price will avoid price volatility due to low trading volumes.
Since its launch, the Sicav's NAV has risen by an average of 2.2% annually from CHF 70.24 in October 2020 to CHF 74.93 in September 2023, after deduction of the dividend of CHF 1.14 distributed in June 2023. "It is expected that this positive development will continue with the implementation of the planned activities and with the building permits for the various projects," according to a statement.
The NAV is calculated every six months and the next value is published in June with the annual report as at March 31. (aw)
