Philosophy

Modern financial market research has revealed the following:

90 - 95% of the long-term performance of assets is determined by strategic and tactical asset allocation. Stock-picking only contributes a meagre 5% to performance.

We focus on active management of the asset allocation based on a systematic analysis of the various asset classes. We do not engage in active stock-picking.

The disappointing performance of many investment funds shows that, in the long run, very few fund managers are able to beat the benchmark index after costs. This is partly because of the high fees charged by actively managed funds. Only a few "professionals" are really successful at stock-picking over a long period.

We mainly use low-cost investments such as index funds and ETFs and do not invest in expensive financial products with low transparency

Optimum combination of different asset classes can greatly reduce the overall risk and/or raise returns without altering risk exposure.

We invest in a diversified range of asset classes to avoid incalculable cluster risks.