Vontobel Says Swiss Property Funds With Direct Ownership Can Boost After-Tax Returns

• Vontobel analysis highlights potential tax savings for Swiss investors choosing real estate funds with direct rather than indirect property ownership.
• A simplified example assumes a CHF 1 million investment generating CHF 50,000 annually, with high personal taxation in Geneva.
• Despite identical 5% gross returns, direct-ownership funds deliver a 4.5% after-tax return versus 2% for indirect-ownership funds.
• Direct ownership incurs about CHF 5,000 in fund-level taxes, leaving CHF 45,000 after tax.
• Indirect ownership attracts about CHF 30,000 in investor-level income and wealth taxes, leaving CHF 20,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vontobel Holding AG published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.