We have more than 28 experienced specialists in the fixed income segment whose objective is to generate added value for our customers. We maintain an active approach and control risks. Our portfolio managers are also analysts with clear responsibilities. This approach results in investment ideas being directly implemented in the portfolios. In addition, we are part of a network of internal and external researchers, brokers and issuers and have customised tools at our fingertips. Our objective is always to use the opportunities for your benefit and have risks under control.
Our wide range of solutions comprises institutional funds over the entire risk / return spectrum of fixed income. Our offering is also available in the form of tailor-made category mandates.
Our investment process combines top-down and bottom-up strategies with the return drivers of foreign currencies, interest and credit.
Our active positioning in the three dimensions of foreign currencies, interest and credit is discussed and adopted by the members of Portfolio Management in weekly "Alpha Track Meetings", on the basis of investment hypotheses based on the macroeconomic assessment research conducted by Zürcher Kantonalbank. The "Alpha Track Meetings" take fundamental, technical and quantitative factors into account, as well as an assessment of the current valuation. The result is the formulation of the strategy in the respective dimension.
The bottom-up process includes the selection of securities and portfolio construction. Monitoring is also included. We cover about 500 issuers by means of a fundamental credit analysis. Our portfolio managers act as analysts in this process. The analyses are critically questioned at the weekly credit meetings, adopted and then implemented in the portfolios. The key elements of our portfolio construction are high diversification, compliance with investment guidelines, continuous monitoring of positions and best execution when carrying out trades.
We are an active bond manager with a focus on fundamentals. In our portfolios, we strive for added value both with a top-down approach in the dimensions of interest and interest rate curve, credit (credit beta and sectors) and foreign currencies and with a bottom-up approach in the selection of securities. This is why we have a transparent investment process with a clear structure and precisely defined responsibilities. Continuous monitoring of all positions is also essential in the highly diversified portfolios. Our risk-aware bond specialists rely on tailor-made tools to ensure that continuous monitoring is in place.
Let us convince you with our investment competence and innovations.