A press release published today by Swisscanto, the asset management arm of Zürcher Kantonalbank, announces a collaboration with Banque Cantonale Vaudoise for the management of the "Real Estate Fund Switzerland indirect" real estate investment fund.
This investment fund invests in Swiss real estate through equities and real estate funds. It enables investors to invest their money indirectly in the Swiss real estate market.
The press release quotes Iwan Deplazes, Head of Asset Management at Swisscanto, and Michel Aubry, Head of BCV's Asset Management Department, respectively:
The publication states that a joint investment committee will take care of coordination, that Swisscanto will be responsible for selecting real estate funds and that Vaud Cantonal Bank will select listed real estate shares and unlisted securities.
Based on: swisscanto.com