Cantonal Bank of Basel (BKB)
Investment Fund (3a)
ISIN: CH1184401326

BKB Nachhaltig Aktien (CHF) V

Cantonal Bank of Basel (BKB)

Valutazione complessiva

2.8/5

Costi totali

1.26%

Azioni

97%

Strategia di investimento

Fondo gestito attivamente

Valuta

CHF

Investment Fund (3a)#76 / 82
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La nostra opinione su BKB Nachhaltig Aktien (CHF) V

Il vostro compagno finanziario svizzero
Adrien Missioux
Adrien Missioux

97% stocks, 1.26% TER, and only CHF 36 million. BKB's equity ESG fund is small, expensive, and mid-pack.

BKB Nachhaltig Aktien ranks #76 among 82 3a investment funds in Switzerland. It's the pure equity option in Basler Kantonalbank's sustainability range, with 97% in stocks. The three-year return of +26.53% sounds respectable until you compare it to cheaper equity funds that delivered 40-50% over the same period. No five-year track record is available yet.

Are the Fees Worth It?

The 1.26% TER makes this one of the most expensive equity 3a funds in Switzerland. On a 97% stock fund, you're paying active management fees for what could be replicated by a passive index at a fraction of the cost. VIAC's Global 100 charges 0.41% all-in and returned +45.26% over three years (estimated). BKB's fund returned +26.53%.

That's an 18-percentage-point gap over three years, partly explained by the TER difference and partly by active management decisions. On a CHF 50,000 portfolio, the 1.26% TER costs you CHF 630 per year. Over 25 years, that fee burden seriously undermines the whole point of choosing an aggressive equity allocation for growth.

What Actually Stands Out

Swing pricing protects existing investors from transaction costs, which is important in a small fund with more volatile flows. BKB's sustainability criteria are comprehensive, applying the same standards across their entire Nachhaltig range. The CHF-denominated focus provides some currency hedging versus purely global funds.

The cantonal bank backing from Basel-Stadt provides institutional security and a state guarantee. For investors who want pure equity exposure with a sustainability mandate through a traditional bank, BKB is one of the few options. The active management approach allows the team to tilt toward specific ESG themes.

What Most Reviews Miss

The CHF 36 million fund size is a genuine concern. Small funds have disproportionately high per-unit costs, less efficient trading, and higher closure or merger risk. For a retirement product you might hold for 20-30 years, trusting a CHF 36 million fund to survive and thrive is a meaningful act of faith.

Bank Cler's identical fund (Nachhaltig Aktien) is even smaller at CHF 14 million. Combined, the two sister funds hold just CHF 50 million. That's tiny for the equity fund category. The lack of five-year data means you're judging this fund on just three years, which is insufficient for a full market cycle assessment.

The Bottom Line

BKB Nachhaltig Aktien is the right product for a very specific investor: someone who banks with BKB, wants 97% equity exposure, insists on sustainability screening, and doesn't mind paying 1.26% for it. For everyone else, cheaper equity alternatives exist with better track records. Explore them in our guide to the best 3a investment funds in Switzerland.

Verdict: A niche ESG equity product that's too expensive and too small for most investors. The 1.26% TER erodes the growth advantage of high equity allocation.

Ideale per: BKB customers who specifically want a pure equity sustainability fund, investors who insist on ESG screening for their aggressive 3a allocation, those who value cantonal bank backing for a high-equity retirement fund
Considerate alternative se: the CHF 36 million fund size is too small for your comfort level, you can access cheaper 95-100% equity funds through digital providers, you want a proven five-year track record before committing to a pure equity fund

Pro

  • Good 3-year performance (+26.5%)
  • No custody fee
  • Swing pricing protection

Contro

  • Higher total costs (1.26% p.a.)
  • Active management = higher fees
  • High stock allocation = more volatility
  • Limited track record (no 5-year data)
  • Smaller fund size

Dettagli del prodotto

In sintesi

  • 97% stocks allocation
  • TER: 1.26%
  • Swing pricing protection
  • Actively managed
  • No custody fee

Fund Details & Allocation

Allocazione degli asset

Azioni

97%

Obbligazioni

0%

Altro

2%

Strategia di investimento

Fondo gestito attivamente

Dimensione fondo

CHF 36M

Banca depositaria

UBS Switzerland AG, Zürich

Swing Pricing

Commissioni e costi

TER sintetico

1.26%

Commissione di custodia

Gratuito

Performance nel tempo

Performance storica di questo fondo di investimento. Le performance passate non sono indicative dei risultati futuri.

1 anno

+2.5%

3 anni

+26.5%

Proiezione pensionistica

Basato su un contributo max. di CHF 7'258/anno, età 30 a 65 (35 anni), partendo da CHF 0.

Capitale previstoCHF 981'591
Contributi totali
CHF 254'030
Crescita stimata
+CHF 727'561
Rendimento netto
6.9% p.a.
Lordo: 8.2%
Impatto delle commissioni
-CHF 314'341
Commissioni totali: 1.26%
Contributi
Con BKB Nachhaltig Aktien (CHF) V
Senza commissioni
Simula con il nostro calcolatore 3aAdatta età, contributo e profilo di rischio per una proiezione dettagliata.

Confronta con prodotti simili

BKB Nachhaltig Aktien (CHF) V

BKB Nachhaltig Aktien (CHF) V

Cantonal Bank of Basel (BKB)

Richiedi ora
Migros Bank (CH) Fonds 0 V

Migros Bank (CH) Fonds 0 V

Migros Bank

Richiedi ora
Costo totale1.26%
Costo totale1.04%
Performance 5 anni-
Performance 5 anni-
Azioni97%
Azioni0%

Domande frequenti

How does BKB Nachhaltig Aktien differ from Bank Cler's nearly identical product?
On the numbers, BKB Aktien (TER 1.26%, CHF 36.42M AUM) and Cler Aktien (TER 1.27%, CHF 13.89M AUM) are essentially the same Swisscanto-style mandate sold under two cantonal labels, both 97% equity with UBS Switzerland AG as custodian. The main difference is that BKB's fund is over 2.5x larger, which gives it modestly more operational stability.
Is 1.26% TER justified for a sustainable equity fund?
It is high, almost double the segment average of 0.68% and 3x the cheapest passive options. The active sustainability screening is what justifies the cost, but over 30 years of compounding the gap is severe. If pure equity exposure with light ESG is enough, low-cost passive options like frankly's Extreme range cost a fraction.
Does the +26.53% 3-year return justify the cost?
The +26.53% three-year return is in line with broad equity benchmarks for 2022-2025, but post-fee it lags the cheapest passive equity 3a funds by 2-3 percentage points. You're paying for active sustainability selection, not for outperformance versus the index.

Come abbiamo valutato questo prodotto

BKB Nachhaltig Aktien (CHF) V è stato valutato come prodotto utilizzando il nostro sistema di punteggio ponderato.

Costo totale (TER + commissioni) (30%)
Performance storica (25%)
Dimensione e stabilità del fondo (20%)
Diversificazione degli asset (15%)
Swing Pricing e protezione (10%)

Le valutazioni vengono aggiornate mensilmente sulla base dei dati più recenti disponibili. Tutti i prodotti vengono valutati con la stessa metodologia.

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