Frequently Asked Questions (FAQ)

The liquidation took place in connection with the withdrawal of a major anchor investor from the products concerned. Against this background, the fund management decided to close the funds and liquidate them in an orderly manner.

The decision is not related to performance or market movements, but to the structural change resulting from the withdrawal of a significant investor. All assets within the fund are liquid or are now being sold in an orderly manner on the market as part of the liquidation, or have for the most part already been sold.

The performance of the affected funds can be viewed under the following links:

• Tellco Classic – Bonds CHF ESG

• Tellco Classic – Bonds in foreign currency ESG

• Tellco Classic – Swiss Equities CHF ESG

• Tellco Classic – Best Idea ESG

• Tellco Classic – Bonds in foreign currency ESG hedged

• Tellco Classic – Sustainable Heritage

• Tellco Classic – Inflation Protection ESG CHF hedged

The decision was taken by the fund management based on regulatory requirements in order to ensure an orderly wind-down in the best interests of all investors.

The full current value (100%) of the fund units will be returned to investors. The liquidation of the funds is already underway, and initial payments have already been made. The majority of the payout will be completed within the next two weeks. The remaining amount will be transferred upon completion of the liquidation.

The full current value (100%) of the fund units will be returned to investors. The liquidation of the funds is already underway, and initial payments have already been made. The majority of the payout will be completed within the next two weeks. The remaining amount will be transferred upon completion of the liquidation.

Investors will not incur any additional costs in connection with the liquidation.

The liquidation affects only the sub-funds mentioned. Other funds are not affected.

The liquidation is directly related to the withdrawal of a major anchor investor. The necessary steps were initiated promptly following the request by the fund management company, in order to ensure an orderly process and the best possible outcome for investors.

Investors were informed in accordance with regulatory requirements and directly via the available channels.

The liquidation is being carried out in accordance with standard regulatory requirements for fund products and was not initiated by FINMA. 

Yes, investors can now invest in alternative funds.