24 cantonal banks today jointly launched an investment fund that makes donations to education in crisis-hit regions.
The Swisscanto Sustainable Balance Portfolio Fund (CHF), an educational initiative of the Swiss cantonal banks, distributes 2% of its volume annually, regardless of performance, to Education Cannot Wait, a UN fund for educating children in emergencies.
The new multi-asset strategy is managed by Zürcher Kantonalbank and has a starting capital of CHF 10 million.