Three factors are crucial for the creation of added-value in a portfolio: macro economic analyses, security selection and market timing.
We combine “top down” with a “bottom up” investment selection and profound convictions which are reflected in our investment themes. We take great care to benefit from diversification on all levels: countries, industries, company size, long-term themes as well as short-term opportunities.
Macroeconomic Analysis (Top-Down)
Dr. Martin Jetzer leads our investment process. The macroeconomic analysis is based on long-term economic cycles and is condensed into specific investment themes by combining regions, sectors and styles.
In addition to our macro-driven approach, we are always on the lookout for interesting companies with unique profiles. To this end, our professionals are in constant contact with industry experts, company analysts and investors around the globe.
Defining & Screening (Bottom up)
Once investment themes have been defined, we will screen the best fitting securities from a bottom-up perspective. Our bottom-up analysis is based on qualitative and quantitative models. Our aim is to pick the best single securities that match our investment themes.
Before being implemented into the portfolio, each stock must have a fully formulated investment case. We constantly monitor the portfolios’ development, optimize allocations, hedge unwanted risks and shift single positions.