J. Safra Sarasin Investment Foundations
The J. Safra Sarasin Investment Foundation (SAST) was established by Bank J. Safra Sarasin Ltd in 1991. SAST is regulated by the "Oberaufsichtskommission Berufliche Vorsorge" (OAK BV). It is also a member of the Conference of Managers of Investment Foundations (KGAST), whose members pledge to meet certain minimum criteria, so as to minimize any risks that extend beyond those associated with investment markets. As a result, the interests of pension fund members are especially well protected.
Admissible investors
Investment in this investment group is limited to the following Swiss pension schemes:
- registered occupational pension schemes in accordance with Article 48 of the Swiss Federal Law on Occupational Retirement, Survivors' and Disability Pension Plans (LPP)
- unregistered occupational pension schemes, such as supplementary pension schemes (management funds) with clearly regulated benefits
- vested benefit foundations in accordance with the Swiss Federal Law on Vested Benefits in Occupational Retirement, Survivors' and Disability Pension Plans and 3a foundations with the meaning of the regulations on the tax deductibility of contributions to recognised forms of pension provision
- common and collective foundations
- investment foundations
- benevolent funds (patronale Wohlfahrtsfonds) with discretionary benefits and finance foundations
Your benefits
- The size of the SAST Investment Foundation allows access to investment strategies that are otherwise only available to major investors. Our optimised investment structure ensures balanced risk diversification in accordance with the principles of modern portfolio theory. You benefit from an individual private banking service and we continuously monitor and update your portfolio.
- Subscriptions/redemptions daily
- Proven governance structure, together with the right to express opinions in the investors' meeting and foundation council
- High level of security thanks to strict supervision by the external auditor and the supervisory authority ("Oberaufsichtskommission Berufliche Vorsorge", OAK BV)
- Compliance with the provisions of the Swiss Federal Law on Occupational Retirement, Survivors' and Disability Pension Plans and its ordinances
- Simplified securities accounting and limited administration (reinvestment of returns, withholding tax relief/reimbursement)
- Efficient access to a broad investment universe
Current prices can be found on the subpages or under:
- Overview current prices
- KGAST
- Telekurs (85.SARA20)
- Reuters (SAST01)
- Bridge (56534)
Investment groups
LPP Investment Groups
The six LPP investment groups available from J. Safra Sarasin Investment Foundation provide investors with an ample choice of investment strategies to ensure seamless transition from inception through to when pension savings are drawn. Staggering the strategic equities quota allows you to select at any time an investment strategy that suits the individual risk profile of your pension scheme.
Bonds Investment Groups
Fixed-income investments continue to play a central role in the portfolios of company pension funds. But the increasing market volatility affecting interest rates means that a more active management of this investment medium is required in order to optimise yields.
Equities Investment Groups
The Swiss Equities investment group covers the entire investment universe of Swiss equities. The investment policy is defined by three investment concepts: the semi-equal weight, the beta model and the size model. The latter issue different signals depending on whether there is an uptrend or a downtrend: high beta stocks and small & mid caps are overweight in an uptrend (and vice versa). The long-term return potential of the SAST Swiss Equities is at the forefront of this particular composition. Consequently, the Swiss Equities investment group is an active product and a fund of funds.
Sustainable Investment Groups
Asset allocation in our sustainable investment groups is based on the economic criteria defined by the Bank's Sustainable Investment team, taking into consideration the legal investment regulations. Stock selection is based not just on financial analysis, but also on environmental and social criteria.
Sustainable Investment Group Real Estate Switzerland
As property is a stable investment that holds its value well, it belongs in every pension fund portfolio. J. Safra Sarasin Investment Foundation (SAST) now offers a new investment group, "Sustainable Real Estate Switzerland" that combines the advantages of property with the attractive long-term performance prospects for sustainable investments.
Alternative Investment Group
The “Commodities ex Agro/Livestock” investment group of the J. Safra Sarasin Investment Foundation invests in commodities that are traded on international futures markets, excluding agricultural goods and livestock. The investment objective of this investment group is to achieve long-term asset growth by participating in selected commodity futures markets, while simultaneously mitigating investment risk using a systematic investment process.
The J. Safra Sarasin Investment Foundation 2 (SAST2) was established by Bank J. Safra Sarasin Ltd in 2016. SAST2 is subject to the supervision of the "Oberaufsichtskommission Berufliche Vorsorge" authority (OAK BV).
Relief of withholding tax on dividends from US equities
The investment group Equity World ex Switzerland 2 can make use of a preferential withholding tax rule and receive dividends from US equities without the deduction of withholding tax. Unlike other investment groups or institutional funds, this enables withholding tax losses on US dividends to be avoided and the total dividend to be reinvested in full without delay.
Admissible investors
Investment in this investment group is limited to the following Swiss pension schemes:
- registered occupational pension schemes in accordance with Article 48 of the Swiss Federal Law on Occupational Retirement, Survivors' and Disability Pension Plans (LPP)
- unregistered occupational pension schemes, such as supplementary pension schemes (management funds) with clearly regulated benefits
- vested benefit foundations in accordance with the Swiss Federal Law on Vested Benefits in Occupational Retirement, Survivors' and Disability Pension Plans
- common and collective foundations
- other schemes (incl. Investment foundations) that are recognised as eligible pension schemes in accordance with the mutual agreement dated 25 November/3 December 2004 in conjunction with Article 10 (3) of the CH-USA double taxation agreement
Non-eligible pension schemes are "pillar 3a" foundations, welfare foundations and finance foundations.
Your benefits
- Receive dividends from US equities without the deduction of withholding tax
- No Swiss stamp duties thanks to the use of specially single-investor funds
- No issuance commission
- Subscriptions/redemptions daily
- Proven governance structure, together with the right to express opinions in the investors' meeting and foundation council
- High level of security thanks to strict supervision by the external auditor and the supervisory authority ("Oberaufsichtskommission Berufliche Vorsorge", OAK BV)
- Compliance with the provisions of the Swiss Federal Law on Occupational Retirement, Survivors' and Disability Pension Plans and its ordinances
- Simplified securities accounting and limited administration (reinvestment of returns, withholding tax relief/reimbursement)
- Efficient access to a broad investment universe
Current prices can be found on the subpages or under:
- Overview current prices
- KGAST
Investment groups
Equities World ex Switzerland 2
The investment objective of this investment group is to achieve long-term growth in capital. Investments are made in equities worldwide, excluding companies domiciled in Switzerland. At least 75% of the investments are made in companies with market capitalisation exceeding USD 5 billion. These are typically large caps. Additional investments are made in attractive mid caps. Blue chips, i.e. companies with attractive business activities, strong market positions, positive (organic) growth, sustainable business models, a good reputation, solid and proven management success, robust balance sheets and high free cash flow, constitute the lion’s share of investments. Investments are made on a long-term horizon.
Date: 16.10.2018
* Investment group rests, price upon request.
| Subfunds | NAV | Subscription | Redemption | Valor |
|---|---|---|---|---|
| LPP Yield Tranche A | 1'264.00 | 1'264.00 | 1'264.00 | 2455689 |
| LPP Income Tranche A | 1'415.00 | 1'415.00 | 1'415.00 | 1016859 |
| LPP Sustainability Income Tranche A | 1'320.00 | 1'320.00 | 1'320.00 | 3543791 |
| LPP Growth Tranche A | 1'960.00 | 1'960.00 | 1'960.00 | 287401 |
| LPP Sustainability Tranche A | 1'495.00 | 1'495.00 | 1'495.00 | 1016862 |
| LPP Future Tranche A | 1'334.00 | 1'334.00 | 1'334.00 | 2455731 |
| Swiss Franc Bonds Dynamic Hedge | 1'276.00 | 1'276.00 | 1'274.00 | 343096 |
| Domestic Swiss Francs Bonds | 1'407.00 | 1'413.00 | 1'405.00 | 978277 |
| Foreign Swiss Francs Bonds | 1'316.00 | 1'321.00 | 1'314.00 | 1474338 |
| Sustainable International Bonds ex CHF | 1'064.00 | 1'068.00 | 1'063.00 | 978280 |
| Swiss Equities | 2'069.00 | 2'071.00 | 2'067.00 | 656054 |
| Sustainable CHF Bonds CAP | 1'362.00 | 1'362.00 | 1'361.00 | 1474340 |
| Sustainable Swiss Equities CAP | 3'018.00 | 3'018.00 | 3'012.00 | 1474343 |
| Sustainable Swiss Equities Small & Mid Caps | 1'632.00 | 1'632.00 | 1'629.00 | 27601051 |
| Sustainable International Equities ex Switzerland CAP | 1'745.00 | 1'745.00 | 1'738.00 | 1474344 |
| Sustainable Equity Global Emerging Markets | 924.00 | 924.00 | 924.00 | 11979929 |
| Sustainable Swiss real estate | 1'369.30 | 1'369.30 | 1'369.30 | 4955026 |
| Sustainable CHF Bonds M | 1'397.00 | 1'397.00 | 1'396.00 | 19339493 |
| Sustainable International Bonds ex CHF M | .00 | .00 | .00 | 19339552 |
| Sustainable Swiss Equities M | 3'125.00 | 3'125.00 | 3'119.00 | 19339723 |
| Sustainable International Equities ex Switzerland M * | .00 | .00 | .00 | 19340117 |
| Commodity ex Agro/Livestock M * | .00 | .00 | .00 | 23228371 |
| Commodity ex Agro/Livestock CAP | 797.00 | 797.00 | 796.00 | 23181215 |
| Equities World ex Switzerland 2 M | 1'216.00 | 1'216.00 | 1'216.00 | 32096385 |
| Equities World ex Switzerland 2 CAP | 1'203.00 | 1'203.00 | 1'203.00 | 32096336 |
| Sustainable Global High Yield M * | .00 | .00 | .00 | 36258488 |
| Sustainable Global High Yield CAP | 1'046.00 | 1'046.00 | 1'044.00 | 36258487 |