28 May 2021
Swiss Life REF (CH) Swiss Properties: further portfolio stabilisation through diversification at central locations and an increased residential component
Despite the circumstances stemming from the global Covid-19 pandemic, the net asset value as at the end of March 2021 increased to CHF 109.71 (March 2020: CHF 107.53). Since its launch in November 2015, the fund has posted an excellent annualised performance of around 9.4 percentage points based on the stock market price. This is approximately 2.0% above the reference index (SXI Real Estate Funds Broad: 7.4%).
In addition, the issue of new units in December 2020 with a volume of CHF 500 million was successfully concluded, and the purchase of a Swiss Life Ltd real estate portfolio was completed.
Further diversification for a quick recovery
The acquisition of the real estate portfolio further strengthened the portfolio in economically strong regions such as Zurich, Lake Geneva and Northwestern Switzerland. In addition, increased residential use and slight growth in high-quality commercial properties are supporting earnings and value stability. This solid resilience - including against the Covid-19 pandemic - is reflected in the rapid recovery of the exchange price following the outbreak and in the relative stability of rental income.
You can find the Swiss Life REF (CH) Swiss Properties half-year report on our website.
Information
Media Relations
Phone +41 43 284 77 77
media.relations@swisslife.ch
Investor Relations
Phone +41 43 284 52 76
investor.relations@swisslife.ch
www.swisslife-am.com
Swiss Life Asset Managers
Swiss Life Asset Managers has more than 160 years of experience in managing the assets of the Swiss Life Group. This insurance background has exerted a key influence on the investment philosophy of Swiss Life Asset Managers, which is governed by such principles as value preservation, the generation of consistent and sustainable performance and a responsible approach to risks. That's how we lay the groundwork for our clients to make solid, long-term plans - in self-determination and with financial confidence. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg and the UK.
As at 31 December 2020 assets under management for third-party clients amount to CHF 91.6 billion. Together with insurance mandates for the Swiss Life Group, total assets under management at Swiss Life Asset Managers stood at CHF 269.7 billion. Swiss Life Asset Managers is a leading real estate manager in Europe1. Of the assets totaling CHF 269.7 billion, CHF 77.7 billion is invested in real estate. In addition, Swiss Life Asset Managers has real estate under administration of CHF 27.7 billion through its subsidiaries Livit and Corpus Sireo. Total real estate under management and administration at the end of December 2020 thus came to CHF 105.5 billion.
Swiss Life Asset Managers employs more than 2300 people in Europe.
1 INREV Fund Manager Survey 2020 (AuM as of 31.12.2019)
Disclaimer
This announcement has been produced with the greatest possible care and to the best of our knowledge and belief. However, we do not accept any liability for losses resulting from the use of this information. This publication is not intended as a solicitation or recommendation to buy or sell investment instruments, but only serves to provide information.
Prior to subscribing or acquiring fund units on the stock exchange, investors should obtain and carefully read the detailed information on the fund contained in the regulatory documentation (prospectus with integrated fund contract, simplified prospectus and the latest annual and semi-annual reports) that serve as the sole legal basis for the purchase of fund units. These may be ordered free of charge in electronic or printed form from the fund management company, Swiss Life Asset Management Ltd, General-Guisan-Quai 40, 8002 Zurich.
Past performance is no indication of current or future performance. The performance data do not include commissions and costs incurred when issuing and redeeming fund units. Both Swiss Life Ltd and the other members of the Swiss Life Group are entitled to positions in this fund and to purchase and/or sell them. Swiss Life Asset Managers funds may not be offered for sale or sold in the US or on behalf of US citizens or US persons residing in the US. "Swiss Life Asset Managers" is the brand name for the asset management activities of the Swiss Life Group. More information is available at www.swisslife-am.com. Source: Swiss Life Asset Managers (unless stated otherwise). All rights reserved. Contact: info@swisslife-am.com.
