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


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Art. 93 Umbrella funds

1 In the case of an um­brella fund, in­vestors are only en­titled to the in­come and as­sets of the re­spect­ive sub­fund in which they are par­ti­cip­at­ing.

2 Each sub­fund is li­able only for its own li­ab­il­it­ies.

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