Federal Act
on Collective Investment Schemes
(Collective Investment Schemes Act, CISA)

¹ In par­tic­u­lar, in­vest­ments in se­cur­it­ies, pre­cious metals, real es­tate, com­mod­it­ies, de­riv­at­ives, units of oth­er col­lect­ive in­vest­ment schemes, as well as oth­er as­sets and rights, are per­mit­ted for oth­er funds for tra­di­tion­al and al­tern­at­ive in­vest­ments.

² The fol­low­ing in­vest­ments in par­tic­u­lar may be con­duc­ted for these funds:

a.

those that have only lim­ited mar­ket­ab­il­ity;

b.

those that are sub­ject to strong price fluc­tu­ations;

c.

those that ex­hib­it lim­ited risk di­ver­si­fic­a­tion;

d.

those that are dif­fi­cult to value.