Valiant Helvetique Dynamic V

Swiss stocks only, 0.84% TER, and the best one-year return in this range. Valiant plays it local.

Valiant Helvetique Dynamic ranks #45 among 82 3a investment funds in Switzerland. This is a purely Swiss-focused fund with 65% stocks and 30% bonds, all invested in domestic securities. The +5.78% one-year return is the strongest in this segment, and the five-year +25.02% shows consistent delivery.

How Does the Return Stack Up?

The five-year return of +25.02% is very competitive for a balanced-growth fund, and the one-year +5.78% leads the pack in its allocation range. The 0.84% TER is reasonable for an actively managed fund, though still double what digital providers charge for a similar equity-bond split.

What makes these numbers interesting is the Switzerland-only mandate. By concentrating on Swiss equities, the fund benefits from franc-denominated returns with no currency risk. When the Swiss franc strengthens (which it does regularly), globally diversified funds suffer from currency drag. Valiant's approach completely avoids that.

What Actually Stands Out

The pure Swiss focus is both this fund's biggest strength and its defining characteristic. Valiant invests exclusively in Swiss stocks and Swiss franc bonds. For investors who believe in the long-term strength of the Swiss economy and want zero currency exposure, this is one of very few options.

With CHF 275 million in assets, the fund is comfortably sized. Valiant is a Swiss-listed bank with a strong presence in the Mittelland region, offering genuine branch access across central Switzerland. The fund benefits from Valiant's in-house research on Swiss small and mid-cap companies, which are often overlooked by larger managers.

What Most Reviews Miss

Switzerland-only means zero international diversification. The Swiss stock market is heavily concentrated in three companies: Nestle, Novartis, and Roche make up roughly 50% of the SMI. If you're buying a Swiss equity fund, you're making a big bet on pharmaceuticals and consumer staples. That's worked well historically, but it's not true diversification.

The 0.84% TER hasn't been reduced despite industry-wide fee compression. Valiant's Helvetique range has maintained pricing for years. While the returns have justified the fees so far, the risk is that the home bias strategy eventually underperforms a globally diversified approach, especially as Swiss interest rates normalize.

The Bottom Line

Valiant Helvetique Dynamic is the best Swiss-only growth option available in 3a. If you deliberately want domestic concentration with no currency risk, the returns speak for themselves. For broader diversification, look elsewhere. Compare it in our guide to the best 3a investment funds in Switzerland.

Verdict: The go-to Swiss equity growth fund for investors who want domestic focus, but only if you understand you're giving up global diversification.