Foreign-currency bond mandates
| Enhanced Indexing | Enhanced Indexing Sustainable | |
| Reference currency | CHF, EUR or other specified by the client | CHF, EUR or other specified by the client |
| Minimum volume | 50m if implemented via direct investments 5m if implemented via SaraPro Institutional Funds |
20m if implemented via direct investments Lower amounts possible, combined with collective investments |
| Benchmark | Citigroup WGBI (World Government Bond Index) ex Switzerland, or another index specified by the client. | Citigroup WGBI (World Government Bond Index) ex Switzerland, or another index specified by the client. |
| Investment universe | Bonds from all sectors and issuers (governments, institutions, mortage bond issuers and companies) globally and in major currencies. | Bonds from issuers (governments, institutions, mortgage bond issuers and companies) which meet Bank Sarasin’s sustainability criteria. |
| Expected outperformance | 0.50% p.a., rolling over three years | 0.50% p.a., rolling over three years |
| Expected tracking error/ Maximum tracking error | 1.25% / 2% | 1.5% / 3% |
| Maximum deviation vs. benchmark as regards: | Duration: +/- 2 years Market: +/- 35% Currency: +/- 10% |
Duration: +/- 2 years Market: +/- 35% Currency: +/- 10% |
| Minimum rating | BBB- or as specified by the client | BBB- or as specified by the client |
| No. of securities | At least 50 | At least 30 |
| Implementation | Via direct investments or via SaraPro Institutional Funds. If implemented via SaraPro Funds, the all-in management fee is reduced and there is no stamp duty. |
Via direct investments. Below the min. volume specified: partial use of collective investments |
