Vision & Tradition

Alessia Rütsch

Small asset managers are threatened with extinction

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According to their own statements, hundreds of asset management companies do not want to apply for a Finma licence. This leaves them with no choice but to close their business or join a licensed competitor. Small firms in particular are considered to be under threat.
Commentary by Sacha Fedier, FINANZ und WIRTSCHAFT

Late Comers

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We remain positive for the equity markets, but a small correction in the summer would not surprise us at all.
Corporate data is solid, investing is as Covid before, interest rates are low, savings rates are high, and buybacks are providing impulses.
Article by Portfolio Management, finews

We remain optimistic for the US equity market

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George Alevrofas, CIO and Member of the Executive Board VT Wealth Management, on the prospects of the US equity market, the secret of the success of the actively managed US Leaders Equity Fund, the selection process applied, the expected winner of the US presidential election and his current personal equity favorite.
Interview with George Alevrofas, Payoff Magazine

Dynamic portfolio & As in the good old days

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Dynamics portfolio; The use of artificial intelligence and algorithms
in the investment process has proven its worth in the crisis. But there are many things to consider.
Article with Raphael Steigmeier, FINANZ und WIRTSCHAFT (only in German)

As in the good old days; The Swiss private banking business is only a shadow of its former self. It is missing
of creativity and time for customer care. New technologies can help.
Article with Sacha Fedier, FINANZ und WIRTSCHAFT (only in German)

It is not always a question of cost

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Depending on the market situation, the discussion about passive and active investing will be more or less intensive. The question of whether active versus passive investing is ultimately only a question of cost is justified – and quickly answered: no.
Articel by Sacha Fedier, FINANZ und WIRTSCHAFT (only in German)

Coffee with Sacha Fedier

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It can be a little awkward when an asset manager has an exclusive hobby, one which is perhaps even more exclusive than his or her client’s pursuits. As far back as the 1940s, a book was published with the naively provocative title of “Where Are the Customer’s Yachts?”.
Article by Sacha Fedier, FINANZ und WIRTSCHAFT (only in German)

Stock exchange commentary – caution advised

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We are sticking with our cautious stance, even though there are some signs of the situation easing with regard to interest rates and the trade dispute.
Article by Portfolio Management, FINANZ und WIRTSCHAFT (only in German)

Welcome to the slaughterhouse!

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Any organisation treating its customers like cattle waiting for slaughter will find itself with no customers at some point in the future – this also applies to private banking in Switzerland. If private banking wants to survive, it must rediscover its virtues.
Artikel von Thomas Fedier, SCHWEIZER MONAT

Until death do you part

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We are very optimistic about our sector – but only if it avoids the mistakes made by the banks. Excellent opportunities await asset managers who grow sustainably and with their eyes on the future.
Articel by Sacha Fedier, SCHWEIZER BANK (only in German)

Initial experience with AEOI

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The automatic exchange of information (AEOI) has been in effect since 1 January. This innovation, which is pivotal for Switzerland as a financial centre, has been a much-debated topic in the past. A look back to the past is perhaps helpful in putting it into context.
Articel by Sacha Fedier, FINANZ und WIRTSCHAFT (only in German)

Stock exchange commentary – Buy Sulzer

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We took profits in January in expectation of a correction. However, it is unusual that a downward trend in share prices starts when the general economic situation is improving and company profits are excellent.
Articel by Portfolio Management, FINANZ und WIRTSCHAFT (only in German)

Stock exchange commentary – Unique situation

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It’s not often that we experience simultaneous growth, as at present. The only times we’ve seen this was at the end of the 1980s and before the 1973 oil crisis.
Article by Portfolio Management, FINANZ und WIRTSCHAFT (only in German)

Stock exchange commentary – French equities

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The investment world is gradually returning to normal after an excessive phase of hysteria. Europe is not falling apart, and Trump is a real estate developer who is out of his depth and tends to react impulsively.
Article by Portfolio Management, FINANZ und WIRTSCHAFT (only in German)

Stock exchange commentary – Optimism

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It doesn’t look too bad on the stock markets in the months ahead. The dollar will remain strong. The oil price will move on a level that will help both producers and consumers.
Article by Portfolio Management, FINANZ und WIRTSCHAFT (only in German)