Julius Baer Multistock Funds of Zurich, a 50-year-old investment adviser with more than $70 billion in assets, has filed a registration statement with the SEC to offer its third Swiss Franc/Euro-denominated fund in the U.S.
If the Jan. 20 filing with the SEC is approved, the firm will soon offer the Julius Baer Swiss Stock Fund through its U.S. investment adviser, Bank Julius Baer & Co. of New York.
The Julius Baer Swiss Stock Fund will seek long-term capital growth, primarily by investing in the stocks of large Swiss companies. However, the fund intends to also invest up to one-third of the portfolio's assets in the Principality of Lichtenstein, as well as in debt instruments, convertible bonds and bonds with warrants attached, in neighboring European countries, according to the registration statement.
The other two funds that Julius Baer offers in the U.S. are the Julius Baer Global Income Fund and the Julius Baer International Equity Fund, which have year-to-date performances of -0.27 percent and +0.14 percent, respectively, according to Morningstar of Chicago.