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10 Financial investments

in CHF thousands

30.06.2021

31.12.2020

+ / – %

Financial investments at fair value through profit and loss

 

 

 

Debt instruments

 

 

 

listed

227'683

263'285

– 13.5

unlisted

49'588

29'602

67.5

Total debt instruments

277'270

292'887

– 5.3

 

 

 

 

Equity instruments

 

 

 

listed

64

57

12.5

unlisted

2'328

2'245

3.7

Total equity instruments

2'392

2'302

3.9

 

 

 

 

Total financial investments at fair value through profit and loss

279'662

295'189

– 5.3

 

 

 

 

Financial investments, recognised at fair value through other comprehensive income

 

 

 

Debt instruments

 

 

 

listed

2'048'982

1'809'930

13.2

Total debt instruments

2'048'982

1'809'930

13.2

 

 

 

 

Equity instruments

 

 

 

listed

119'451

57'041

109.4

unlisted

30'955

30'152

2.7

Total equity instruments

150'406

87'193

72.5

 

 

 

 

Total financial investments, recognised at fair value through other comprehensive income

2'199'387

1'897'123

15.9

 

 

 

 

Total financial investments

2'479'050

2'192'312

13.1

The equity instruments recognised at fair value through other comprehensive income consist of strategic investments of an infrastructure nature, which are not exchange-listed (see note 14), as well as various instruments of the Swiss Market Index (SMI portfolio). Short-term profit-taking is not the focus with equity instruments recognised at fair value through other comprehensive income, rather they represent a long-term position, which pursues the collection of dividends and a long-term appreciation in value.

The SMI portfolio was expanded in the first half of 2021. No disposals were made (business year 2020: CHF thousands 6'645). During the expansion of the portfolio due consideration was paid to the need for rebalancing on account of the shifting of the weighting of individual securities in the SMI.