I see, so in principle they are saying that DRPF & CSLP are trading at very high prices and people should not trade them unless they fall approx. 15% in value.
However at the same time, 3a pension funds use CH0036599816 (UBS Index fund) as vehicle which invests in all of these overvalued Swiss RE funds.
Nice page. Good to read “officially” from UBS re the NAV’s being used for the merger.
Would you all think that NAV premia increase towards year end? The tax benefit of owning direct funds really only applies to owners of the fund on 2 dates. I.e. on the date they pay out the distribution (income tax) and over year end (asset/wealth tax)
Given the low overall liquidity, that seems unlikely?
Fair enough. People are allergic to taxes though. 1000 CHF bill circulation always jumps in Dec to revert back in January as people hold cash (presumably to have a lower bank balance over the year end).
Maybe someone has access to the above NAV premium chart data, then it’d be easy to identify year end effects.
