The cantonal bank of Neuchâtel (BCN), in Switxerland, is set to launch its two first funds at the end of their subscription period on 5 September 2017.
The BCN (CH) – Fonds Durable Revenu and the BCN (CH) – Fonds Durable Équilibré will be invested primarily in equities, bonds and real estate. Investments in companies applying environmental, social and governance criteria will be favoured to echo the core values of the bank.
Swiss franc will be used as main currency for at least 70% of both funds. However, their equity exposure will differ (30% for the The BCN (CH) – Fonds Durable Revenu and 50% for the BCN (CH) – Fonds Durable Équilibré).
Over CHF80m of assets from institutional and private clients have been boarded so far by the BCN.
Both funds will be managed in Neuchâtel by BCN’s subsidiary Swisscanto.