Adjustment of GEMINI pool strategies

The GEMINI Collective Foundation is adjusting the strategic asset allocation of its pool strategies with effect from early 2025. Pool 20, the pool with the largest change, will have a strategic equities exposure of 25 per cent and will consequently be renamed Pool 25.

Following a regular review of the pool strategies, the Investment Committee proposed some adjustments of the asset classes to the Foundation Board, which came into effect on 1 January 2025. The changes are aimed at simplifying the strategic asset allocation and optimising the pool strategies in terms of costs and returns.

The following adjustments were made:

Adjustments across all pools: Exclusion of convertible bonds, emerging market bonds and emerging market equities.

GEMINI Pool 20 becomes Pool 25:

The strategic equities exposure will be raised to 25 percent via a higher weighting of Swiss and foreign equities.
Higher weighting of high-yield bonds, CHF bonds and corporate bonds.
Reduced weighting of government bonds.

Adjustments to GEMINI Pool 35:

Higher weighting of Swiss equities, foreign equities and foreign equities hedged.
Higher weighting of high-yield bonds, CHF bonds and corporate bonds.
Reduced weighting of government bonds.

Adjustments to GEMINI Pool 50:

Higher weighting of Swiss equities, foreign equities and foreign equities hedged.
Higher weighting of high-yield bonds, CHF bonds and corporate bonds.

The adjustments will also result in slight changes in the target value fluctuation reserves.

For details regarding the adjusted pool strategies, please refer to the return reports.