CHF Money market funds [2023]

[Jaime]

@nabalzbhf

Money markets investment / Geldmarktanlagen

• Short duration, typically low risk (but some issuers temporarily struggled during the Great Financial Crisis in 2008)
• Except for the lack of esisuisse coverage, those are probably always better than savings accounts (less intermediaries), while being very liquid (a few days to cash out)
• No ETF, only mutual funds
  • UBS , share class P is for private investors (0.07% TER, 0.93% YTM, 91 days avg duration)
  • CS , share class B is for private investors (0.075% TER, 1.21% YTM, 108 days avg duration)
  • ZKB (LU) (0.11% mgmt fee, 1.56% YTM)
  • ZKB (CH) (higher risk, 0.11% mgmt fee, 1.89% YTM)

The only overlap of these four and the table above is ZKB (LU) (0.11% mgmt fee, 1.56% YTM) LU0141249424 so I am now zooming into this one.

Does YTM mean yield to maturity? I didn’t know this metrics exist for money market fund. and I can only find out this value in factsheet from official website but not on IBKR quote details. Is this number static? How is it related to performance, for example YTD performance? And how to tell ZHK(CH) bears more risk than ZKB(LU)? From their underlyings?