Investment process

Our monthly investment process, applied to the management of all assets entrusted to us, is based on a macroeconomic scenario developed in-house. The scenario is used by those responsible for the different asset classes to derive a consistent market outlook. This market assessment is then approved by the Investment Committee and incorporates the key variables analysed and projected by our Economic Research team. This analytical part of the investment process determines the allocation decisions across all client segments that is for proprietary (PAM) as well as third party assets (TPAM). Our product experts in Switzerland and abroad are involved in the investment process, enriching it with local expertise, and are represented in the Investment Committee.

The investment process forms the basis for tactical allocation decisions. In the assessment the individual strategic focus of our customers is taken into account to implement the tactical recommendation within the boundaries set by each customer.