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Our emerging market equity fund is very successful thanks to systematic factor investing.
Our emerging market equity fund, with its systematic factor investing approach, has been generating significantly above-average returns for many years, and that with below-average risk. But what exactly is behind our factor investing—and why do emerging markets in particular offer so much potential?
Withdrawing capital on retirement is a capital mistake – supplementary benefits will increase
Our balanced forced savings system is designed to provide financial security in old age. 1st pillar: AHV pay-as-you-go system, 2nd pillar: BVG funded system and voluntary payments into the 3rd pillar. Examples from abroad – 401K plans in the USA, surrounding countries – show insufficient voluntary pension savings and/or the overburdening of states with the financing of the pay-as-you-go system.
Infrastructure as an «independent» class of investment:
A chimera
Low or negative interest rates favored private market investments. High returns, low risks and correlations, so the mantra went. With a time lag, infrastructure investments emerged, with similar arguments in favor. Are the expectations realistic?
Publications
12 bear markets on the US stock market since 1945
How should investors respond to periods of stress?
Journalist Michael Ferber addresses this question in an insightful article in the NZZ. In addition to reviewing historical facts, investment specialists are asked for their opinions and recommendations. Our Chief Investment Officer is among those interviewed.
The article is only available in German.
Inflation and reduced savings years jeopardize pension security
Author: Dr. Roman von Ah
The rampant inflation, even if it tends to decrease, will accompany us for a long time. The effects on the Swiss 2nd pillar can be great.
In particular, a late career entry as well as reduced savings years endanger the security of the pension (in german only). Lump-sum withdrawals are not recommended.
The article was published in Finanz und Wirtschaft - Vorsorgebeilage on September 9, 2023.
Interest rate turnaround: 1 year of positive interest rates - The laws of economics still apply
Author: Dr. Roman von Ah
Are we living in an inflationary environment with rising interest rates in the longer term? Fundamental factors argue for a decline in interest rates once the central banks have won the battle against interest rates.
The following article was published in the trade journal Schweizer Personalvorsorge of 03/2023 (in German / French only)