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Helvetica Swiss Opportunity Fund approved for listing and merger plans
Helvetica Property Investors has received approval for the listing of the Helvetica Swiss Opportunity Fund (HSO Fund) on the SIX Swiss Exchange, set to begin trading on February 11, 2025. This move facilitates a planned merger with the Helvetica Swiss Commercial Fund (HSC Fund) by mid-2025, creating a diversified portfolio of 37 properties valued at approximately CHF 760 million. The HSO Fund, with a market value of CHF 196 million and a low vacancy rate of around one percent, is expected to maintain a distribution of CHF 5.50 per unit for the 2024 financial year.
etfs surge in popularity driven by low fees and digitalization trends
Exchange-traded funds (ETFs) have become essential in many investment portfolios, offering low fees, stable returns, and straightforward products. The Swiss stock exchange SIX has seen a 17% increase in the number of listed ETFs over the past five years, rising from 1,598 in 2020 to 1,869 today.
Liechtensteinische Landesbank earns top rating in wealth management comparative test
Liechtensteinische Landesbank (LLB) has received a "Very good" rating in the Fuchsbriefe comparative test, ranking 6th among wealth managers in German-speaking countries. The assessment highlighted LLB"s competent advisory services, placing it 1st among private banking providers in Liechtenstein and 4th in Austria. The bank, with a business volume of CHF 109.9 billion, operates across multiple countries and employs 1,261 staff.
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