Swiss Life Asset Management AG: Swiss Life REF (CH) ESG Swiss Properties: Change in fee structure and reduction of current rate

Zurich, 27 July 2023
Ad hoc announcement pursuant to Art. 53 LR


Swiss Life REF (CH) ESG Swiss Properties: Change in fee structure and reduction of current rate

The fund management company of Swiss Life Asset Managers switched the management fee for the real estate fund invested in Switzerland to a staggered model as of 1 July 2023, and is thus reducing the fee from 0.60% to 0.54% of the total fund assets at the current fund volume.

Swiss Life REF (CH) ESG Swiss Properties was launched in 2015 and had total fund assets of CHF 2,578 million distributed across 160 properties as at 31 March 2023. The fund mainly invests in the Swiss economic centres and their surrounding suburbs, particularly in the greater Zurich area and along Lake Geneva.

Swiss Life Asset Managers has taken account of the fund’s growth in recent years, and is converting the previous uniform rate into a staggered fee structure with lower rates as the fund assets increase. Since 1 July 2023, the first CHF 1 billion in assets has been charged at the previous 0.60%. With each subsequent CHF 500 million, the rate will fall by 0.05% to a minimum of 0.40% of the total fund assets. Based on the current fund assets, an effective annual rate of 0.54% of the total fund assets is charged for Swiss Life REF (CH) ESG Swiss Properties.

Further information on the real estate fund can be found here.


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 165 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. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg, the UK and the Nordic countries.

As at 31 December 2022, Swiss Life Asset Managers managed a total volume of CHF 250.1 billion in assets for the Swiss Life Group, including over CHF 105.4 billion for third-party asset management. Swiss Life Asset Managers is also a leading real estate manager¹ in Europe. with CHF 88.9 billion of a total volume of CHF 250.1 billion in assets under management invested in real estate. In addition, Swiss Life Asset Managers, in cooperation with Livit, manages real estate worth a total of CHF 21.9 billion. Total real estate under management as at the end of December 2022 thus stood at CHF 110.8 billion.  

Swiss Life Asset Managers employs more than 2100 people in Europe.

Self-determined Life
Swiss Life enables people to lead a self-determined life and look to the future with confidence. Swiss Life Asset Managers pursues the same goal: We think long-term and act responsibly. We use our knowledge and experience to develop future-oriented investment solutions. This is how we support our customers in achieving their long-term investment objectives, which in turn also take account of their client’s needs so they can plan their financial future in a self-determined manner.

¹ INREV Fund Manager Survey 2022 (AuM as of 31.12.2021)

Disclaimer
This announcement has been produced with the greatest of care and to the best of our knowledge and belief. However, we do not accept any liability for losses which might arise from making 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, PRIIP-KID and the latest annual and semi-annual reports) that serve as the sole legal basis for the purchase of fund units. They 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 not an indicator 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 their purchase and/or sale. Swiss Life Asset Managers funds may not be offered for sale or sold in the US or on behalf of US citizens or US person 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.