Luzerner Kantonalbank has launched its first equity strategy, which taps collective intelligence, the bank has announced.
The LUKB Crowders TopSwiss fund invests in 30 companies, which are present in the Swiss Leader Index.
The weight of every title in the portfolio is based on the assessment of the participants of the online-platform crowders.ch, which operates under umbrella of LUKB's Crowdbank.
On this free platform around 1200 individuals, so called “crowders”, are forecasting the development of 30 titles of the Swiss Leader Index on a monthly basis.
The fund managers of the LUKB Expert Fondsleitung AG, an asset management affiliate of LUKB, will use the aggregate forecasts of "crowders" to define equity weights in the LUKB Crowders TopSwiss portfolio.
The firm claims that this method, which taps collective intelligence of the internet community, is unique for Switzerland. Every “crowder” doesn’t have to hold equities in the portfolio of the fund or be a LUKB’s client in order to make predictions.
The subscription deadline for the strategy is 30th of June 2016.