Luzerner Kantonalbank has launched a central Switzerland equity fund, the group has announced.
The LUKB Expert-Tell fund invests in companies domiciled in the cantons of Lucerne, Uri, Schwyz, Obwalden, Nidwalden and Zug.
It was launched at the beginning of March 2017 and aims at investors who want to participate in the development of the economic central Switzerland region.
There are over 50 companies based in the region and listed on Swiss stock exchange, which are small and mid-sized firms for the most part.
These are often regional or global market leaders in their field of activity and include names such as Kuehne + Nagel, Schindler and Emmi.
The strategy holds around 30 of these and the selection process is run by the LUKB Expert Fondsleitung team.
The fund’s subscription period during which investors do not pay an issue commission is from 1 March to 31 March 2017.