Cantonal Bank of Basel (BKB)
Investment Fund (3a)
ISIN: CH0432492517

BKB Nachhaltig Ausgewogen (CHF) V

Cantonal Bank of Basel (BKB)

Note globale

3.1/5

Coûts totaux

1.25%

Actions

52%

Stratégie d'investissement

Fonds géré activement

Devise

CHF

Investment Fund (3a)#54 / 82
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Notre avis sur BKB Nachhaltig Ausgewogen (CHF) V

Votre compagnon financier suisse
Adrien Missioux
Adrien Missioux

CHF 180 million in sustainability assets. BKB's balanced ESG fund is the bigger sibling, same problems.

BKB Nachhaltig Ausgewogen ranks #54 among 82 3a investment funds in Switzerland. With 52% stocks and 45% bonds under a sustainability mandate, it's the balanced option from Basler Kantonalbank. The CHF 180 million in assets makes it nearly twice the size of Bank Cler's identical twin. Same management, same strategy, same expensive TER.

Are the Fees Worth It?

The 1.25% TER is the fund's biggest weakness. Five-year performance of +13.27% after this fee level means you'd have been better off with cheaper alternatives that delivered similar or higher gross returns. The one-year return of +2.95% barely outpaces a savings account.

Here's the math that matters: CHF 7,056 deposited annually (the 2025 maximum) over 30 years at the fund's historical return minus the 1.25% TER delivers significantly less than the same investment in a 0.44% all-in fund earning similar gross returns. The fee difference alone could cost you CHF 20,000-30,000 over a career.

What Actually Stands Out

The CHF 180 million fund size gives BKB's version a stability advantage over Bank Cler's CHF 101 million. Larger funds have lower per-unit operational costs and are far less likely to be merged or closed. For a multi-decade retirement investment, that matters.

Swing pricing protects existing investors from transaction costs. BKB's sustainability criteria are applied consistently across their Nachhaltig range, with exclusions for fossil fuel extraction, controversial weapons, and poor governance. As a cantonal bank with a state guarantee, BKB adds institutional security that digital providers can't replicate.

What Most Reviews Miss

The active management has consistently failed to generate alpha over its benchmark. When you strip out the 1.25% TER, the gross returns suggest the managers are essentially tracking the index but charging active fees. You're paying for stock picking but getting something very close to index performance.

BKB's branch network is concentrated in Basel-Stadt and the surrounding region. If you don't live in northwestern Switzerland, the cantonal bank relationship offers limited practical benefits over a digital provider. The sustainability label and cantonal backing are the only tangible reasons to choose this over a cheaper fund with identical allocation.

The Bottom Line

BKB Nachhaltig Ausgewogen is a respectable but overpriced balanced ESG fund. The cantonal bank backing and fund size provide comfort, but the 1.25% TER erodes too much return for what you get. If sustainability and Basel-region banking matter to you, it works. For everyone else, cheaper options abound. Explore our Pillar 3a comparison tool for alternatives.

Verdict: Institutional quality and ESG credentials are sound, but the 1.25% fee drags a mediocre return even lower. Better options exist for cost-conscious ESG investors.

Idéal pour: BKB customers in the Basel region who want a balanced sustainability fund, investors who prioritize cantonal bank security and comprehensive ESG screening, those who prefer the larger, more stable fund over Bank Cler's smaller twin
Envisagez des alternatives si: fee optimization is important and you can access cheaper balanced ESG funds, you don't bank in the Basel region and have no reason for a BKB relationship, you want active management that demonstrably outperforms its benchmark

Avantages

  • No custody fee
  • Swing pricing protection

Inconvénients

  • Higher total costs (1.25% p.a.)
  • Active management = higher fees

Détails du produit

En un coup d'œil

  • 52% stocks allocation
  • TER: 1.25%
  • Swing pricing protection
  • Actively managed
  • No custody fee

Fund Details & Allocation

Allocation d'actifs

Actions

52%

Obligations

45%

Autres

2%

Stratégie d'investissement

Fonds géré activement

Taille du fonds

CHF 180M

Banque dépositaire

UBS Switzerland AG, Zürich

Swing Pricing

Oui

Frais et coûts

TER synthétique

1.25%

Frais de garde

Gratuit

Performance au fil du temps

Performance historique de ce fonds d'investissement. Les performances passées ne préjugent pas des performances futures.

1 an

+3.0%

3 ans

+18.1%

5 ans

+13.3%

Projection de retraite

Basé sur une cotisation max. de CHF 7'258/an, de 30 à 65 ans (35 ans), à partir de CHF 0.

Capital projetéCHF 317'575
Cotisations totales
CHF 254'030
Croissance estimée
+CHF 63'545
Rendement net
1.3% p.a.
Brut: 2.5%
Impact des frais
-CHF 82'872
Frais totaux: 1.25%
Cotisations
Avec BKB Nachhaltig Ausgewogen (CHF) V
Sans frais
Simuler avec notre calculateur 3aAjustez votre âge, cotisation et profil de risque pour une projection détaillée.

Comparer avec des produits similaires

BKB Nachhaltig Ausgewogen (CHF) V

BKB Nachhaltig Ausgewogen (CHF) V

Cantonal Bank of Basel (BKB)

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Valiant Helvetique Balanced V

Valiant Helvetique Balanced V

Valiant

Souscrire maintenant
Coût total1.25%
Coût total1.16%
Performance 5 ans+13.3%
Performance 5 ans+18.6%
Actions52%
Actions45%

Questions fréquemment posées

Why is BKB Nachhaltig Ausgewogen the largest fund in the BKB Nachhaltig range?
At CHF 180.24 million, it dwarfs the equity (36.42M), income (49.5M) and growth (105.58M) variants. Balanced funds tend to attract the broadest 3a saver base because the 52/45 stock-bond split suits people who want growth and stability without an active risk choice. Larger size also gives the fund slightly better operational economics.
How attractive is +13.27% over 5 years on a balanced fund?
Over a 5-year window where global equities rose strongly, +13.27% on a balanced fund is modest. The bond sleeve was a headwind through the rate-rise cycle, and the 1.25% TER cost roughly 6.3 percentage points of cumulative return over five years versus a zero-cost benchmark.
Is the swing-pricing protection meaningful at this size?
Yes. With CHF 180.24M in assets and balanced flows, swing pricing meaningfully reduces dilution from large in/outflows. It is a structural protection that mid-sized active funds benefit from more than pure mega-funds and is one of the few cost-side wins on this product.

Comment nous avons évalué ce produit

BKB Nachhaltig Ausgewogen (CHF) V a été évalué en tant que produit à l'aide de notre système de notation pondéré.

Coût total (TER + frais) (30%)
Performance historique (25%)
Taille et stabilité du fonds (20%)
Diversification des actifs (15%)
Swing Pricing et protection (10%)

Les évaluations sont mises à jour mensuellement sur la base des dernières données disponibles. Tous les produits sont évalués selon la même méthodologie.

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