Piguet Galland
Investment Fund (3a)
ISIN: CH1233586770

Piguet Galland Active Prévoyance 40 P

Piguet Galland

Overall Rating

3.3/5

Total Costs

1.14%

Stocks

43%

Investment Strategy

Actively-managed fund

Currency

CHF

Investment Fund (3a)#46 / 82
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Our Take on Piguet Galland Active Prévoyance 40 P

Your Swiss Finance Companion
Adrien Missioux
Adrien Missioux

A private bank 3a fund with no published performance data. That's either exclusive or concerning.

Piguet Galland Active Prevoyance 40 ranks #46 among 82 3a investment funds in Switzerland. This is a private banking product with a 43/43 stock-bond split, managed by the Geneva-based boutique Piguet Galland. The 1.14% TER reflects the private bank premium, and the lack of publicly available performance history makes evaluation challenging.

What Are You Actually Paying For?

The 1.14% TER is in line with other actively managed bank funds but well above digital providers. Without published one-year, three-year, or five-year return data, it's impossible to judge whether the active management justifies this fee level. That's a problem for any informed investor trying to compare options.

On a CHF 50,000 portfolio, you're paying CHF 570 per year for fund management. A comparable allocation through frankly or VIAC would cost roughly CHF 220. Over 25 years, that CHF 350 annual difference compounds into a meaningful sum, unless the active management delivers significantly better returns.

What Actually Stands Out

Piguet Galland is a Geneva-based private bank with roots dating back to 1856. The CHF 107 million fund size is adequate, and the firm's expertise lies in active asset management for high-net-worth clients. Their 3a fund benefits from the same research team and investment process.

The private bank pedigree means more personalized service than you'd get from a large retail bank or digital provider. For investors who value a relationship with their asset manager and want face-to-face portfolio discussions, this is a genuine differentiator that most 3a providers don't offer.

What Most Reviews Miss

The absence of publicly available performance data is the elephant in the room. Every other 3a fund on the market publishes returns. When a fund doesn't, you're essentially being asked to trust the brand name without evidence. For a retirement product you'll hold for decades, that's a significant ask.

Piguet Galland's client base is primarily French-speaking, high-net-worth individuals. Their branch network is limited to a few Swiss cities. If you don't fit that profile, the private bank premium may not translate into tangible benefits for you. The 3a product is the same for everyone, regardless of your total banking relationship.

The Bottom Line

This fund is best understood as a private banking product, not a standalone 3a choice. If you already bank with Piguet Galland and want everything under one roof, it makes sense. For everyone else, the lack of performance transparency and the fee premium make it hard to recommend. Explore alternatives in our Pillar 3a comparison tool.

Verdict: A private bank 3a fund for existing clients who value the relationship, but the missing performance data makes it impossible to recommend on merit alone.

Best For: existing Piguet Galland private banking clients who want a unified banking relationship, investors in Romandie who value personalized, face-to-face asset management, those who prioritize private bank service quality over fee optimization
Consider Alternatives If: you need transparent, publicly available performance data to make informed decisions, fee optimization is a priority and you can access cheaper 43/43 allocation funds, you don't already have a banking relationship with Piguet Galland

Pros

  • No custody fee

Cons

  • Higher total costs (1.14% p.a.)
  • Active management = higher fees
  • Limited track record (no 5-year data)
  • No swing pricing protection

Product Details

At a Glance

  • 43% stocks allocation
  • TER: 1.14%
  • Actively managed
  • No custody fee

Fund Details & Allocation

Asset Allocation

Stocks

43%

Bonds

43%

Real Estate

5%

Other

9%

Investment Strategy

Actively-managed fund

Fund Size

CHF 107M

Depositary Bank

Waadtländische Kantonalbank (BCV)

Swing Pricing

No

Fees & Costs

TER

1.14%

Custody Fee

Free

Performance Over Time

Historical performance of this investment fund. Past performance is not indicative of future results.

Retirement Projection

Based on max. contribution of CHF 7'258/year, age 30 to 65 (35 years), starting from CHF 0.

Projected CapitalCHF 399'428
Total Contributions
CHF 254'030
Estimated Growth
+CHF 145'398
Net Return
2.5% p.a.
Gross: 3.7%
Fee Impact
-CHF 99'071
Total Fees: 1.14%
Contributions
With Piguet Galland Active Prévoyance 40 P
Without fees
Simulate with our 3a CalculatorCustomize your age, contribution & risk profile for a detailed projection.

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Total Cost1.14%
Total Cost0.76%
5Y Performance-
5Y Performance+14.8%
Stocks43%
Stocks99%

Frequently Asked Questions

Why is the 40 P version more expensive than the 25 P sibling?
Its TER is 1.14% versus 1.00% for the 25 P, even though the bond allocation drops and equity rises. Higher-stock funds tend to have higher transaction costs and more active-management overhead. Both share the same depositary at Waadtländische Kantonalbank and the same CHF 0 custody and sales fees.
What does a 43/43/5/9 allocation look like in practice?
It's a balanced fund: 43% stocks, 43% bonds, 5% real estate, 9% other investments. With Piguet Galland's active management, the CHF 107 million fund chases a moderate return profile through individual security selection. There's no published 1, 3, 5 or 10-year performance data yet for this share class.

How We Rated This Product

Piguet Galland Active Prévoyance 40 P was evaluated as a product using our weighted scoring system.

Total Cost (TER + Fees) (30%)
Historical Performance (25%)
Fund Size & Stability (20%)
Asset Diversification (15%)
Swing Pricing & Protection (10%)

Ratings are updated monthly based on the latest available data. All products are evaluated using the same methodology.

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