Basellandschaftliche Kantonalbank has launched two next generation funds, Citywire Switzerland can reveal.
The BLKB Next Generation Fund - Growth and the BLKB Next Generation Fund - Equity were formally launched on 5 October and will expand the bank's sustainable fund range.
BLKB Next Generation Fund - Growth aims to achieve capital growth supplemented by regular income, and allocates to liquidity, fixed income, real estate, equity and alternatives.
BLKB Next Generation Fund - Equity targets capital growth by investing in equity (95%) and liquidity (5%).
The management fees for the two funds are 1.25% and 1.35% per annum respectively.
The cantonal bank would not disclose the names of the fund managers upon request.
These are the most recent fund launches at the cantonal bank. In September it introduced two new sustainable index funds.
Sustainability is a competitive edge for the cantonal bank, having taken third place out of 48 asset managers in the most recent sustainability ranking from Swisscanto Invest and the University of St Gallen.