SIX welcomes Cronos Finance SA as new fund issuer
SIX welcomes Cronos Finance SA as a new issuer on SIX Swiss Exchange. The real estate fund increases the total number of mutual funds traded at the Swiss stock exchange to 44, which are listed by 23 different issuers. 41 of these funds are classified as real estate funds, including the newly listed CRONOS IMMO FUND available in CHF.
Christian Reuss, Head SIX Swiss Exchange, comments:
“With today’s listing, the real estate fund segment has been expanded to include another exciting investment opportunity for investors. Welcome, Cronos Finance SA, who are now offering their real estate fund on our exchange.”
Cronos Finance SA is the first new real estate fund issuer joining SIX Swiss Exchange in 2022. A record number of more than 310,000 transactions in investment funds were made in the first eight months of the current year, 3.5% more than in the same period of the previous year. Trading turnover in investment funds amounted to CHF 6.4 billion in the first eight months of the current year, which is 0.4% more than in the same period of the previous year.
The CRONOS IMMO FUND Investments are made in directly owned, built or to be built properties and in urban areas mainly in the western part of Switzerland. The investment fund under Swiss law has a market value of CHF 772 million as of 30 June 2022. The aim of the fund is a stable and sustainable return through a defensive orientation of the real estate portfolio. The listing will make the fund, previously only available to qualified investors, accessible to all types of investors, including retail investors.
Cronos Finance SA was founded in 2003 in Lausanne and was accredited by FINMA in the same year. The company aims to meet the basic needs of its clients by allocating its resources to the key drivers of the investment process. The goal is to generate stable and continuous growth while being very cautious and consciously taking low level of risk.