Swiss Life Index Funds (LUX) Balance (EUR)
- Fund
- Multi Asset
- Global
Product details
LU0362483603 - R
(EUR) | Capitalisation
Performance
Since 1 Year
+4.10%
Data updated on 30 April 2025
Strategy
The sub-fund invests in European and international government bond and equity markets with an aim to achieve high long-term capital growth. ETFs are actively managed within the sub-fund. This strategy combines the advantages of passive and active management strategies in a fund of funds concept. Up to 70% of the sub-fund is invested indirectly in equities.
Management commentary
The early April US policy announcement of unexpectedly broad and harsh tariffs caused a massive spike in volatility. The "Liberation Day" confidence shock led to a significant sell-off in equity markets, with almost no region spared due to unpredictable economic damage. Stocks recovered much of their losses after introduction of a tariff pause and hopes on trade talks. The equity portfolio ended the month down -2.7%, while the government bond exposure stabilised the portfolio with a return of +1.5%. Overall, the fund performance was slightly negative in April.
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