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ZKB launches first Swiss endowment fund for charitable organizations in 2025
Zürcher Kantonalbank (ZKB) is set to launch Switzerland's first endowment fund for charitable organizations in January 2025, allowing smaller foundations to invest alongside larger ones through a diversified portfolio. The fund emphasizes sustainability, excluding certain investments like US government bonds due to ethical concerns, while aiming for regular returns. With over CHF 150 billion in assets from charitable foundations, ZKB's initiative seeks to modernize investment strategies in a challenging financial landscape.
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