GEMINI Collective Foundation

Investments

  

The GEMINI Collective Foundation offers its clients a choice between four investment pools with different equity shares. All four investment strategies are based on broad diversification.

      

Return over different periods (in %)

GEMINI Pool 20 GEMINI Pool 35 GEMINI Pool 50 GEMINI Pool 0
Financial year Return Benchmark Return Benchmark Return Benchmark Return Benchmark
May 2018 -0,08 -0,16 -0,26 -0,32 -0,36 -0,43 0,41 0,46
YTD -0,32 -0,61 -0,72 -0,73 -0,70 -0,81 0,34 0,27
1 year 2,18 1,47 3,04 2,65 3,73 3,42 1,08 0,93
3 years 2,23 2,20 2,87 2,98 3,37 3,43 1,38 1,64
5 years 3,38 3,49 4,22 4,51 4,95 5,12 1,90 2,30
10 years 3,18 3,20 3,52 3,52 3,80 3,67 n.a. n.a.
  

 

The specific return figures for the individual employee benefits units will be available approx. five working days later.
Figures 1-10 years are rolling on a monthly basis/annualised
Benchmark weighted according to investment strategy
Pool 0 launched on 1 January 2010

  

Return by year (in %)

GEMINI Pool 20 GEMINI Pool 35 GEMINI Pool 50 GEMINI Pool 0
Financial year Pool 20 Benchmark Pool 35 Benchmark Pool 50 Benchmark Pool 0 Benchmark
May 2018 -0,32 -0,61 -0,72 -0,73 -0,70 -0,81 0,34 0,27
2017 5,17 4,78 7,90 7,60 9,53 9,41 1,50 1,33
2016 2,92 3,21 3,61 3,91 4,11 4,15 1,78 2,01
2015 0,67 1,22 0,62 1,13 0,62 1,06 2,05 2,91
2014 7,33 7,88 7,30 8,35 7,95 8,50 3,44 3,99
2013 4,48 4,34 7,95 7,81 10,60 10,51 0,73 1,61
2012 6,65 7,05 8,64 8,87 9,76 10,06 3,89 3,43
2011 1,64 2,19 -0,10 0,39 -1,26 -0,82 3,73 4,92
2010 3,80 4,18 3,76 3,97 3,69 3,80 3,08 3,25
2009 11,08 13,32 13,60 16,30 15,50 18,41 n.a. n.a.
  

 

Benchmark weighted according to investment strategy
Pool 0 launched on 1 January 2010

  

Investment result in %

Generated investment return
Financial year GEMINI Pool 20 GEMINI Pool 35 GEMINI Pool 50 GEMINI Pool 0 BVG interest
2017 5,17 7,90 9,53 1,50 1,00
2016 2,92 3,61 4,11 1,78 1,25
2015 0,67 0,62 0,62 2,05 1,75
2014 7,33 7,30 7,95 3,44 1,75
2013 4,48 7,95 10,60 0,73 1,50
Average 2013-2017 4,09 5,44 6,50 1,90 1,45
  

Principle

GEMINI offers its clients a choice between four investment pools with different risk profiles. The pools distinguish themselves through different equity shares. The GEMINI Pool 20 has an equity share of 20%, the GEMINI Pools 35 and 50 a respectively higher share. The GEMINI Pool 0 has no equities but a higher real estate share. Clients may change their investment strategy twice a year. Our bigger clients may also determine their investment strategy and their asset manager.  


The independent investment committee selects products as well as the most suitable asset manager for each asset class in line with the four investment strategies defined by the Board of Trustees. 


In its management of the investments, GEMINI relies on institutional funds. Thanks to its single investor funds at UBS, GEMINI incurs lower costs and offers more transparency and flexibility.

  

Structure

The Board of Trustees is the top executive body. The board has established an independent investment committee consisting of client representatives and investment specialists that selects and supervises the external asset managers. Various asset managers are responsible for the implementation of the investment classes.  

  

List of asset managers by investment class

Investment class Asset manager
Liquidity Pictet, Bank Syz
Bonds CHF Bank Syz, UBS
Foreign currency government bonds hedged Black Rock
Foreign currency corporate bonds hedged Black Rock
Convertible bonds RWC, Jupiter, Lombard Odier
Global High Yield Bonds hedged Principal Global, Schroders
Emerging Markets Debt Hard Currency hedged Ashmore, Global Evolution, Pictet
Swiss equities Credit Suisse
Foreign equities Credit Suisse
Foreign equities hedged Credit Suisse
Emerging markets equities Credit Suisse
Real estate Switzerland various
International real estate various
Alternative investments* Partners Group
  

* Positions to be phased out upon expiry (pools 20-50 only) 

  

Investment process

  

  

Investment pools

 
 

GEMINI Pool 20

With an equity share of 20%, the GEMINI 20 investment strategy is suitable for employee benefits units with low, or no, value fluctuation reserves. Sufficient long-term returns in excess of the BVG minimum interest rate are achieved at low risk.

Key figures - Pool 20 (in %)

Required value fluctuation reserve, mandatory                        8.6
Required value fluctuation reserve, above-mandatory             7.5

 
 

GEMINI Pool 35

Employee benefits units without BVG minimum interest requirements, or those with a higher risk carrying capacity, may choose the GEMINI 35 with a strategic equity share of 35%. Its long-term return potential, which is significantly higher than the statutory minimum interest rate, goes hand in hand with a moderate risk. 

Key figures - Pool 35 (in %)

Required value fluctuation reserve, mandatory                           12.2
Required value fluctuation reserve, above-mandatory                11.1

 
 

GEMINI Pool 50

The GEMINI 50 with a strategic equity share of 45% (ranging between 40% and 50%) is suitable for employee benefits units with a very high risk carrying capacity. Accrued reserves offset fluctuations in returns and allow the unit to achieve excellent returns in the long run. 

Key figures - Pool 50 (in %)

Required value fluctuation reserve, mandatory                        15.4
Required value fluctuation reserve, above-mandatory             14.3

 
 

GEMINI Pool 0

Thanks to its exclusion of equities and its substantial weighting in Swiss real estate, the GEMINI Pool 0 focuses on stability and risk minimisation.

Key figures - Pool 0 (in %)

Required value fluctuation reserve, mandatory           4.9
Required value fluctuation reserve, above-mandator       3.9