Facts and figures
Capital markets function
Traditional asset managers want to outperform the market. They try to predict the future or profit from "mispricing" in the market. Most of the time, this search process is expensive and useless. Forecasts turn out to be mispredictions, hot stock tips turn out to be stock flops. Ultimately, different investment returns can be explained by differences in the risk taken - a challenge for any forecast. Fierce competition in capital markets means that investors receive higher returns only if they are willing to take higher risks.
How assets developed historically
Asset Returns nominal
Effect of inflation on asset returns
Asset Returns after inflation
Determine investment horizon
The higher the proportion of shares in a portfolio and the more smaller and favorably valued companies it contains, the higher the fluctuation risk. This is the way to achieve the most attractive returns in the long term.
Strategy determines future success
Strategy development is the key to investment success. The financial science of the last 50 years has developed a powerful set of tools that shows those risks that are worth taking. It shows which risks yield regular returns and, just as important, which risks go uncompensated. Depending on life circumstances, investment goals and the ability to bear risk, portfolios with different compositions are ideal. Income-oriented strategies may be best served with the money market and annuities. Growth-oriented strategies with a mix of bonds and stocks. Capital growth with optimally combined equity portfolios.
Pyramid of risks
|+||Small cap premium|
|+||Equity premium||Equity premium|
|+||Default premium||Default premium||Default premium|
|+||Term premium||Term premium||Term premium||Term premium|
|Real risk free interest rate||Real risk free interest rate||Real risk free interest rate||Real risk free interest rate||Real risk free interest rate|
|Expected Inflation||Expected Inflation||Expected Inflation||Expected Inflation||Expected Inflation|
(T-Bills, Short Term riskless rate)
|Government Bonds||Corporate Bonds||Equities large cap.
(DAX, SMI, S&P 500)
|Equities small cap.
Consider individual needs and circumstances
The price movements of asset categories differ from each other. An optimal composition of asset classes therefore takes into account personal tolerance for risk, individual goals and life circumstances.
You have invested:
Value of your investment:
Value of your investment (inflation-adjusted):
Fonds im Fokus
Global Institutional Equity Fund
The Global Institutional Equity Fund invests in equities worldwide. It is actively managed, takes into account the principles of risk diversification and is geared to long-term capital appreciation.
Gold Fund Sustainable
The Gold Fund Sustainable reflects the performance of gold over the long term. The investment fund invests in certified gold bars made from sustainably produced gold, with custody in Switzerland. It is suitable for investors who wish to invest part of their assets in the precious metal gold and for whom sustainability and compliance with all laws protecting people and the environment are important.
Equity Switzerland Index Plus
The fund tracks the return and, in particular, the risk characteristics of the Swiss equity market (SPI) while profitably exploiting many temporary imbalances. By means of a systematic and empirically validated selection process, stocks with higher expected returns are overweighted and stocks with lower expected returns are underweighted in a controlled manner compared to the SPI index.