To achieve this, we consistently apply the relative valuation approach:

• Credit spreads for bond assets and
• Style investing for equity assets

Nowadays, information flows very quickly into the prices of financial instruments. Financial markets are very efficient in this respect. However, research also shows that the market does not appraise all financial instruments and segments correctly at all times. Certain misjudgements can be detected by using appropriate methods and may be exploited. This is where we start, by deviating specifically from the benchmark if our calculations indicate that individual stocks, sectors or market segments are undervalued and promise an outperformance.

Swisscanto assumes that markets are prone to exaggerations, but tend to regain their balance in the medium term. Valuation indicators provide the specialist with clues about striking deviations from this balance. Quantitative methods play an important role in this approach, while we are also aware of the limits of these methods. The experience and ability of our portfolio manager teams will therefore always be of major significance.

• Equity investments
• Bonds investments
• Mixed investments
• Real estate investments
• Alternative investments
• Sustainable investments

• Further information