Research

Research is a fundamental component of our investment process. See below for a selection of publications on market trends, our assessments and special investment themes. Each of the publications is geared towards an individual group of investors.

Market/investment review & outlook

Global Asset Views
“Global Asset Views” deals with key economic developments and market themes based on three different scenarios and analyzes the effects on our investment strategies.
Frequency: Quarterly Topic focus: Global Latest issue: eng (PDF, 804 KB) deu (PDF, 843 KB)

Focus on Strategy
“Focus on Strategy” is a quarterly strategic publication with a specific focus on the Swiss market. For Swiss pension funds in particular, this publication also addresses the issue of BVG (Federal Law on Occupational Retirement, Survivors' and Disability Plans) portfolio allocation.
Frequency: Quarterly Topic focus: Switzerland Latest issue: deu (PDF, 338 KB) fra (PDF, 341 KB) ita (PDF, 331 KB)

Global Perspectives
“Global Perspectives” is a summary of current market events and incorporates an investment outlook from Global Investment Solutions, our multi-asset investment unit.
Frequency: Monthly Topic focus: Global Latest issue: eng (PDF, 242 KB)

Market/investment themes

Economic Insights
“Economist Insights” is a weekly publication dealing with topical economic issues.
Frequency: Weekly Topic focus: Global Latest issue: eng (PDF, 260 KB)

Investing in 2014
“Investing in 2014” deals with longer-term investment themes and trends, with a focus on 2014.
Frequency: Annualy Topic focus: Global Latest issue: deu eng fra

Investment Viewpoint
“Investment Viewpoint” is a series of publications that deal with longer-term economic issues while illustrating related investment opportunities (for example: infrastructure for renewable energy).
Frequency: ad-hoc Topic focus: Switzerland Latest issue: deu fra

Current Perspectives - insights into the current market environment

Evolution of the asset manager - October 2012
This publication deals with the asset management industry, which is undergoing fundamental change on account of economic, demographic and industry-specific challenges.
Frequency: ad-hoc Topic focus: Global Latest issue: deu (PDF, 773 KB) eng (PDF, 745 KB) ita (PDF, 727 KB)

Sugar high - March 2012
Curt Custard, Head of Global Investment Solutions, examines the role of central banks as well as the heightened provision of liquidity to markets and the effects of this.
Frequency: ad-hoc Topic focus: Global Latest issue: eng fra
Sugar crash - an update by Curt Custard (June 2013): eng (PDF, 75 KB)

Back to the future - March 2012
Curt Custard, Head of Global Investment Solutions, looks at developments which the investment sector is currently experiencing and which - to some extent - have more in common with the environment of the 1970s than with that of the past decade. He also presents six main trends that look set to be maintained.
Frequency: ad-hoc Topic focus: Global Latest issue: eng (PDF, 1 MB) deu (PDF, 1 MB)

Special investment themes

Better income: How multi-asset portfolios seek to provide stable income,

preserve capital and protect against inflation - September 2012

This publication looks at options for generating income without placing excessive demands on the capital base.
Frequency: ad-hoc Topic focus: Global Latest issue: deu (PDF, 324 KB) eng (PDF, 229 KB)

Emerging markets: The multi-asset approach - July 2012
This publication deals with investments in emerging markets and the strategy of investing in more than one asset class on the basis of a broader spectrum of opportunities and diversification benefits.
Frequency: ad-hoc Topic focus: Global Latest issue: deu (PDF, 4 MB) eng (PDF, 5 MB)

Research specific to real estate

Swiss real estate market - April 2013
Yields on the Swiss real estate market have hit low points. As the key drivers will remain intact for the time being, an immediate trend reversal is not expected.
Frequency: ad-hoc Topic focus: Switzerland Latest issue: deu (PDF, 574 KB) fra (PDF, 736 KB)

Components of agio - April 2013
In real estate funds, there is generally a positive difference between the market price and net asset value. There are objective reasons for this phenomenon - known as agio - which lie outside the scope of trends in market interest rates.
Frequency: ad-hoc Topic focus: Global Latest issue: deu (PDF, 189 KB) eng (PDF, 191 KB) fra (PDF, 196 KB)

Real estate - All you need to know - April 2013
This publication deals with the topic of real estate in general and outlines various investment opportunities.
Frequency: ad-hoc Topic focus: Global Latest issue: eng (PDF, 3 MB)
Update September 2013 eng (PDF, 819 KB)