Zurich (awp) – The integration of Credit Suisse activities within UBS will also involve a rationalization and alignment of the real estate fund offering in Switzerland from the number one Swiss bank. Following the acquisition last April of Credit Suisse Funds by UBS Funds Management (Switzerland), products offering identical investment strategies will be offered as part of a new offering.
The objective aims to strengthen the diversification and resilience of the respective funds, with an emphasis on the needs of long-term investors, UBS said on Thursday. Other Swiss real estate funds with different investment strategies will remain unchanged.
Among the 14 real estate funds currently managed by UBS, the four publicly traded Swiss residential real estate funds that own directly owned properties, namely CS REF LivingPlus, UBS Direct Residential, Residential and CS REF Hospitality will be merged next year .
In 2025 and 2026, the two Swiss mixed-use, exchange-traded real estate funds with direct land ownership CS REF Green Property and UBS Direct Urban will be combined
And in 2026 and 2027, the same will apply to the two Swiss commercial real estate funds traded on the stock exchange with indirect land ownership UBS Swissreal and CS REF Interswiss. From 2025, all listed Swiss real estate funds will include the UBS name and have a uniform management fee of 0.54% of the average total fund assets.
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