Commentaries: Art. 55

The fund management company and the SICAV may employ the following in- vestment techniques for the purpose of efficient management:
1. securities lending;
2. repurchase agreements;
3. borrowing of funds, though only on a temporary basis and up to a certain percentage;
4. pledging or transferring the ownership of collateral, however, only up to a certain percentage.
The Federal Council may permit other investment techniques such as short selling and the granting of loans.
It defines the percentage limits. FINMA regulates the details.