AXA Switzerland launches real estate funds for pension funds
AXA Switzerland has launched a real estate fund for Swiss residential properties in central locations. It will only be open to tax-exempt investors such as pension funds and pension funds. The current volume is around 1.7 billion Swiss francs.
According to a message from AXA Switzerland , the company has launched a new, actively managed real estate fund. The AXA pension fund real estate Switzerland contains a high proportion of residential properties in central locations in Swiss metropolitan areas, explains AXA Switzerland in the press release. The fund should only be open to "certain qualified tax-exempt investors in Switzerland".
"The capital market interest rates in Switzerland are currently at historic lows, and a significant change in the interest rate environment is not in sight", Daniel Gussmann, Chief Investment Officer of AXA Switzerland, is quoted in the press release. "Real estate investments are therefore becoming increasingly important in the investment of pension funds, not least thanks to positive cash inflows from rental income." The new fund from AXA Switzerland currently has a volume of CHF 1.7 billion.