SWITZERLAND - The median manager in the Swiss Balanced Universe returned 3.9% for the second quarter, up from 2.3% in Q1, according to WM Performance Services, the performance measurement arm of State Street. This compares with benchmark returns of 4.5% for the WM Performance Services Swiss Balanced Benchmark (formerly InterSec Balanced Benchmark/IBB) and 3.7% for the Pictet BVG/LPP index.
Peter Leutenegger, vice president, marketing and sales of WM Performance Services in Zurich, said: “The second quarter saw the best quarterly results for the Swiss Universe in the last 24 months. ...
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