Investment philosophy
Research and analysis
The Risk Management department has a special investment fund risk management team that creates a highly specific opportunity/risk profile for each individual fund and selected portfolio.
> Top-down approach in the management of umbrella funds and bonds
After performing a detailed analysis of the economic conditions at the global and national levels, our management team decides which markets and countries to buy bonds and equities in and which currencies they should be denominated in. The managers of the individual funds follow the top-down approach for bonds and the bottom-up approach for equities. After selecting maturity periods, currencies, issuers, etc., our bond managers select the bonds that offer the most attractive valuations, all other factors being equal.
> Bottom-up approach in equity management
In the case of investments in equities, individual stocks and companies are analysed and at the same time, the opportunities and risks associated with the relevant sector are assessed. A general investment strategy is developed at a national level based on these findings. Through cooperation with our international partners, we make around 20,000 business contacts per year.