WEBVTT
Kind: captions
Language: en

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Inflation is currently omnipresent and is likely to occupy us
for some time to come.

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Money held in savings accounts loses real value
as a result of inflation.

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Real assets such as equities provide protection against inflation, 
but are not without risk.

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For cautious investors, it is therefore not advisable

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to invest all their assets in equities.

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Traditionally, a mixed portfolio for cautious investors

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therefore has a high proportion of bonds.

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In an inflationary environment, however, bonds respond with rising yields

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and corresponding price losses.

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This makes a high bond allocation a problem.

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A diversified portfolio with a higher share of real assets
provides better protection against inflation.

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However, to ensure that such a portfolio
is also suitable for cautious investors,

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protection is needed against potential losses.

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We do this with our protection strategy.

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It can be compared to the protective equipment for mountain bikers.

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Because crises can arise unexpectedly,
hedging is always active.

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The associated costs are low in quiet phases.

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The protection strategy makes targeted use of options

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and, in a crisis, increases the cash portion immediately
and dynamically at the expense of equities.

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These options cushion potential equity price losses.

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As soon as the market recovers,

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the cash portion is also reduced and reinvested at the same time.

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This means that while a loss cannot be completely prevented,

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the crash is dampened in the event of a crisis.

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We apply the protection strategy to the Swisscanto protection funds.

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The protection strategy: active and systematic protection for your portfolio.