News

The Credit Suisse investment foundations are unique in that they always send notice letters or letters to safekeeping account holders to directly notify their investors of important developments and changes in the investment groups. You can find the most important information from the recent past under News.

June 18, 2018
Letter to safekeeping account holders

Amendment of prospectus and investment guidelines of the investment group CSA Real Estate Germany (PDF DE)

June 15, 2018
Letter to safekeeping account holders

Amendment to the investment guidelines for investment groups CSA Fund Selection Equity Dragon Countries, CSA Fund Selection Equity Emerging Markets, and CSA Fund Selection Equity USA (PDF DE)

June 13, 2018
Benchmark adjustment in the CSA real estate investment groups

As of July 1, 2018, instead of the main KGAST Immo-Index, the sub-indices corresponding to the investment groups CSA Real Estate Switzerland, CSA Real Estate Switzerland Commercial, CSA Real Estate Switzerland Residential, and CSA Real Estate Germany will now be shown as a reference index.

The KGAST Immo-Index as the main index displays the performance of all investment groups with direct-investing Swiss real estate investments of Conference of Investment Foundation Managers (KGAST) members. By extending the KGAST Immo-Index to KGAST Immo-Index "Familie" (Family), there are now three sub-indices representing the segments "Wohnen" (Residential), "Geschäft" (Business), and "Gemischt" (Mixed) available.

The investment strategies of CSA real estate investment groups cover the same segments, which is why the sub-indices are now to be used as a benchmark. The investment guidelines of the investment groups remain unchanged with this adjustment.

CSA Real Estate Switzerland: Benchmark, new: KGAST Immo-Index Gemischt
CSA RES Commercial: Benchmark, new: KGAST Immo-Index Geschäft
CSA RES Residential: Benchmark, new: KGAST Immo-Index Wohnen
CSA Real Estate Germany: Benchmark, new: KGAST Immo-Index Geschäft

Performance of the main KGAST Immo-Index can still be found using the KGAST real estate fact sheet at http://www.kgast.ch/immo-index.

June 6, 2018

The CSA Global Corporate Bonds Hedged investment group is closed for subscriptions/redemptions on June 8, 2018.

May 28, 2018

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Series of Severe Convective Storms in the US (PDF EN)

May 8, 2018

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Volcanic Eruption and Quake in Hawaii (PDF)

April 6, 2018
Closure of CSA Real Estate Switzerland Commercial

Due to high demand, the targeted investment volume was already reached on April 5, 2018. The CSA Real Estate Switzerland Commercial investment group will therefore be closed again for subscriptions.

March 23, 2018
Opening of CSA Real Estate Switzerland Commercial

The CSA Real Estate Switzerland Commercial investment group is to open again for subscriptions for a limited period. The investment group will use the new capital for further expansion of the portfolio and to reduce borrowings in the short term. The investment volume amounts to a maximum of CHF 250 million.

Subscriptions are possible on a daily basis from April 3, 2018 to June 29, 2018 (cut-off 4:30 p.m.).

In the event of excessive demand, CSA management explicitly reserves the right to close the investment group to subscriptions again at any time.

Presentation on opening (PDF DE)
Prospectus CSA Real Estate Switzerland Commercial (PDF DE)
CSA membership application (PDF DE)

March 12, 2018

Adjustment of Benchmark and Issuing Premium for Indexed CSA Mixed Funds

The investment strategy for indexed CSA mixed funds is regularly reviewed for optimization opportunities. This aims to ensure that the mixed funds continue to produce an attractive yield and the portfolio composition remains ideal from a risk/return perspective. Against this backdrop, and in order to better reflect the current interest rate environment, the Board of Trustees of the Credit Suisse Investment Foundation has decided to replace the benchmark component for foreign currency bonds with a more appropriate index. This change enters into force on May 1, 2018.

Letter to safekeeping account holders (PDF DE)

January 30, 2018

Letter to safekeeping account holders:
Amendment of prospectus of investment group CSA 2 Multi-Manager Real Estate Global (PDF DE)

January 23, 2018

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Winter storm Friederike in Europe (PDF EN)

January 22, 2018
Launch of Two New Investment Groups for Pillar 3a Pension Funds

On February 12, 2018, Credit Suisse Investment Foundation (CSA) is launching two new diversified portfolios with an average equity component of 75% for the Pillar 3a tied pension provision. The subscription period for the first issue runs from January 22 to February 12, 2018. The two new investment groups are distinguishable primarily by a different investment style (active/passive) and a different configuration of the benchmark (standard index / strategy index). Both investment vehicles were approved by the general supervisory board for employee benefits insurance (OAK BV) and comply fully with the investment regulations of the Ordinance on Occupational Retirement, Survivors' and Disability Pension Plans (BVV 2) and the Ordinance on Investment Foundations (OFP), with the exception of the category limits for equities.

January 5, 2018

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Winter storm Burglind / Eleanor in Europe (PDF EN)

December 21, 2017
CSA Hypotheken Schweiz closed for daily subscriptions

Since its re-opening on 27 November 2017, the investment group CSA Hypotheken Schweiz has recorded considerable subscription volumes. The high demand exceeded the existing investment opportunities, which is why CSA management has decided to close the investment group for subscription as of 21 December 2017 until further notice. This measure also serves, among other things, to protect investors from a possible dilution of yield.

December 13, 2017

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Wildfires in California, December (PDF EN)

December 11, 2017

CSA/CSA 2 year-end calendar 2017/2018 (PDF DE)

November 24, 2017
CSA Mortgages Switzerland opens for daily subscriptions

Investment opportunities for our investment group have steadily improved in recent months. At the same time, the market for mortgage investment groups/funds has broadened, causing demand to be better distributed across various product providers. For this reason, the CSA Mortgages Switzerland investment group will be open for subscriptions as of November 27, 2017. However, CSA reserves the right to close the investment group to subscriptions again for a short period if the subscription volume exceeds investment opportunities. Existing clients of CSA Mortgages Switzerland are eligible to subscribe, as are new investors that are qualified to join the Credit Suisse Investment Foundation, i.e. tax-exempt pension funds domiciled in Switzerland. The issuing premium in favor of the investment group's assets remains unchanged at 0.25%.

CSA/CSA 2 Investor Meetings Held on November 9, 2017

The investor meetings approved the agenda items regarding the amendment to the Articles of Incorporation and the amendment to the Regulations.
Following the amendment to the Articles of Incorporation, the function of founder can now be transferred to Credit Suisse (Switzerland) Ltd. The amendment to the Regulations will enable mandate agreements to be concluded with a Credit Suisse Group company in the future. The amendments enter into force on November 9, 2017.

  • Investment Outlook and Strategy by Dr. Nannette Hechler-Fayd'herbe (PDF DE)
  • Presentation by Yvonne Suter on "Institutional Investors and Sustainable Investments – An Overview" (PDF DE)

November 13, 2017

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Wildfires in California (PDF EN)

November 6, 2017

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Investor letter by portfolio manager (PDF EN)

November 1, 2017
Adjustment of Benchmark and the Investment Guidelines for CSA/CSA 2 Mixed Assets

The investment strategy of the CSA/CSA 2 Mixta-BVG mixed fund is checked regularly for optimization possibilities. This ensures that the mixed assets continue to produce an attractive yield and the portfolio composition remains ideal from a risk/return perspective. The letter to safekeeping account holders with information on the most important changes in the investment strategy, an overview of the composition of the benchmark with the bandwidths, and the new investment guidelines valid from January 1, 2018, can be found below:

CSA

CSA 2

October 31, 2017

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – European Storm Herwart (PDF EN)

October 30, 2017

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Typhoon Lan (PDF EN)

October 19, 2017
Letter to safekeeping account holders:

Amendment of prospectus of investment groups CSA Real Estate Switzerland,
CSA Real Estate Switzerland Commercial and CSA Real Estate Switzerland Residential
(PDF DE)

October 10, 2017

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – European Windstorm Xavier – Hurricane Nate (PDF)

September 29, 2017

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Investor letter by portfolio manager with event recap as well as an outlook (PDF)
 

September 25, 2017
Relief from Japanese Withholding Tax for CSA and CSA 2

From September 22, 2017, the Credit Suisse Investment Foundation (CSA) and Credit Suisse Investment Foundation 2nd Pillar (CSA 2) will receive full relief from Japanese withholding tax in the amount of 15.315%. The new regulation benefits both the CSA Nippon Index and the CSA 2 World Index investment groups from this date. As the CSA Nippon Index investment group invests 100% in Japanese equities, the Board of Trustees has decided to switch the benchmark from MSCI Japan (NR) to MSCI Japan (TR) from October 1, 2017, to ensure fair performance measurement.

September 20, 2017

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Hurricane Maria (PDF)

September 20, 2017

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Second Earthquake in Mexico (PDF)

September 12, 2017
CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Update on Hurricane Irma (PDF)

September 11, 2017
CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Hurricane Irma (PDF)

September 11, 2017
CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Second Update on Hurricane Harvey (PDF)

September 11, 2017
CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Earthquake in Mexico (PDF)

September 4, 2017
CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Update on Hurricane Harvey (PDF)

August 29, 2017
CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – Hurricane Harvey (PDF)

August 23, 2017
CSA Insurance Linked Strategies – Typhoon Hato (PDF)

May 29, 2017
Letter to safekeeping account holders:

Updated prospectus and investment guidelines for CSA Energy Infrastructure Switzerland investment group (
PDF DE)

May 29, 2017
Resumption of securities lending in the CSA/CSA 2 investment groups:

Once again, the securities lending program has been approved against the corresponding collateral with Credit Suisse as the principal as of May 29, 2017. If the conditions in the financial markets or the status of the principal become worse, securities lending will be discontinued once more.

May 17, 2017
Letter to safekeeping account holders:

CSA Mortgages Switzerland investment group launched (PDF DE)

April 7, 2017
Letter to safekeeping account holders:

New subscription period for CSA 2 Multi-Manager Real Estate Global investment group (PDF DE)

April 6, 2017
Spread adjustment for CSA Mixta-BVG Index 25/35/45:

Spread adjustment for CSA BVG 25-45 Dynamic I:
Old issue spread: 0.11%; new issue spread: 0.09% (PDF DE)

March 30, 2017
CSA Insurance Linked Strategies – Tropical Cyclone Debbie
(PDF)

February 22, 2017
Letter to safekeeping account holders:

Updated investment guidelines for CSA 2 Mixta-BVG 25 Plus (PDF DE)

January 20, 2017
Letter to safekeeping account holders:

Updated prospectus and investment guidelines for CSA Energy Infrastructure Switzerland investment group (PDF DE)

January 19, 2017
Letter to safekeeping account holders:

New subscription period for the CSA 2 Multi-Manager Real Estate Global investment group (PDF DE)