Investment philosophy
Based on a fundamental top-down approach, our strategic asset allocation is implemented in a highly disciplined investment process that combines a systematic analysis of client requirements with the global economic outlook. It is based both on our own macro forecasts and on secondary research by leading global securities issuers. The asset allocation is rebalanced periodically, thus permitting temporary tactical over and underweighting while maintaining compliance with long-term strategic allocations.
Our asset management philosophy is characterised by the systematic exploitation of potential for global diversification. To this end, client custody accounts are structured in a modular fashion through the use of best-in-class products (funds, ETFs, structured products, individual securities).
This core-satellite strategy allows investments to be made in a selection of the world’s best investment managers. Funds are selected based primarily on research conducted by NPB Neue Privat Bank AG, which is supported by external qualitative and quantitative databases.
In mature markets, equity and commodity-based products form the core investment, with ETFs and structured products also being deployed in specific situations. Structured products may generate higher returns in sideways markets.
The investment strategy pursued by NPB is geared towards generating a return in the medium term that exceeds a suitable benchmark with significantly reduced risks.