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Seven numbers, three texts, one timed itinerary: how to extract the essentials from a Swiss real estate fund's annual report — NAV, rental losses, leverage, TER REF, distribution coverage, the discount rate — using the AMAS standardization too few investors exploit.
Jul 17, 2026 · 8 min read
Why some distributions are largely tax-exempt while others are taxed like dividends: direct vs. indirect holding, withholding tax and the separate coupon, tax values, capital gains — the full mechanics, a worked example, and the method for checking any fund.
Jul 17, 2026 · 10 min read
1.99% vs. 3.64% yield, 34% vs. 10% agio — yet nearly identical balance sheets and a "residential" label fuzzier than it looks: what really separates the two segments, measured with Apollo 8's proprietary data.
Jul 17, 2026 · 11 min read
About CHF 4 billion raised in 2025, a record already under threat in 2026: why funds issue when agios are high, how subscription rights work, and dilution measured fund by fund with Apollo 8's proprietary data.
Jul 17, 2026 · 11 min read
Around 2¼% on average, but a threefold spread between funds: current levels, the gap over Swiss Confederation bonds, the yield-agio trade-off, payout stability, and taxes – measured with Apollo 8's proprietary data extracted from official reports.
Jul 16, 2026 · 13 min read
Why do listed Swiss real estate funds trade above the value of their buildings? What the agio is, how interest rates drive it, and the fund-by-fund dispersion measured with Apollo 8's proprietary data extracted from official reports.
Jul 15, 2026 · 11 min read
Diversification, liquidity, taxes, leverage: a detailed comparison of direct property purchase and listed real estate funds for investors residing in Switzerland.
Mar 18, 2025 · 13 min read