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Investors with a professional treasury unit, as defined in EBK-RS 03/01, marginal notes 13ff., i.e. banks and stock brokers, fund management companies, insurance companies, pension funds, public-law corporations as well as commercial and industrial enterprises shall be regarded as being institutional investors; in addition, pension institutions (such as investment foundations) as well as charitable foundations shall also be regarded as institutional investors, provided they have a professional treasury unit.
In accordance with the definition, Swiss pension funds are therefore regarded as institutional investors with a professional treasury unit.
Units in the investment groups of the Swisscanto Investment Foundation can solely be acquired by tax-exempt institutions of the 2nd and 3rd pillars.
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