For the sixth time in a row, the Swisscanto (CH) Real Estate Fund IFCA is maintaining its distribution at CHF 3.30 per share.
The Swisscanto (CH) Real Estate Fund IFCA (ISIN: CH0037430946) once again achieved a stable overall result in the 2018 financial year thanks to a broad-based residential portfolio in the mid-price segment of the market. Compared to the previous year, net income increased to CHF 36.6 million (previous year: CHF 36.0 million). The distribution stands at CHF 3.30 per share, thus remaining at an unchanged level since 2013. The distribution to investors will be made on 18 April 2019.
Due to stable cash flows and positive developments in the property value of 2.5% (previous year: 2.2%), the fund achieved a return on investment of 6.2% (previous year: 5.95%). The fund posted an annual performance of -7.23%, lagging slightly behind the SWIIT benchmark that returned -5.32%.
Total fund assets as at 31 December 2018 amounted to CHF 1.58 billion (previous year: CHF 1.53 billion). In the current 2019 financial year, the fund will focus on its portfolio management and on increasing the quality of the portfolio through internal value creation.