Asset management for the zero interest era

Transcription

1 Asset management for the zero interest era

2 »In the coming years, capital preservation will no longer be something that can be taken for granted. We strive to preserve capital over the long term and protect the money entrusted to us against inflation and political crises.«jörg Bantleon, Chairman of the Supervisory Board 2

3 Prepared for a changing world Bantleon has been successfully steering investments through all conditions including the subprime and sove reign debt crises for more than 25 years, primarily in the service of institutional investors. Today we manage EUR 6.7 billion/chf 7.9 billion in mutual and single-investor funds for around 150 institutional clients, many of which are regulated companies such as banks, insurers and pension funds, as well as for security-conscious private investors. Never before have we seen such an explosive mixture of high equity valuations, historically expensive bonds and pent-up geopolitical risks as we have today. Investors face troubled times ahead and will have to make some unpleasant decisions. We have continually adapted our management approaches to the changed capital market environment by controlling risk budgets with a great deal of flexibility and by giving greater consideration to future structural trends. Whichever strategy you choose, you can be sure that each will be geared to the needs of investors who value security. Dr Harald Preißler CIO of Bantleon Bank AG, Zug Head of Asset Management 3

4 Asset management for the zero interest era We specialise in institutional investments and have systematically adapted our offering on an ongoing basis in recent years to suit the changed capital market environment. Bond Management Extended Investment Strategies Systematic Markets Technology Investments 4

5 Bond Management Institutional Investing relies first and foremost on one thing: professional bond management. Bonds remain indispensable for institutional investors, even when yields are low. We keep a tight grip on all return components of the bond market, with a particular focus on active duration and debtor management. Regulated institutions can count on us to provide extremely effective portfolios with or without an allocation to equities. For investors seeking the best possible returns, meanwhile, we offer unconstrained portfolios with high levels of regular income. Extended Investment Strategies Institutional Investing taps into additional sour ces of returns for security-oriented investors: institutions can no longer depend on pure bond portfolios to meet their financial obligations. With this in mind, we have been using our proven fundamental and technical quantitative models for risk-averse absolute return strategies since as far back as This allows us to harness capital gains from a range of different asset classes to generate regular performance contributions. Systematic Markets Institutional Investing is efficient: the multi-factor approach of our Systematic Markets business combines quantitative expertise with over 25 years of experience in asset management. This allows institutional investors to achieve risk-adjusted excess returns systematically in all key asset classes while fully observing all individual investment restrictions and ensuring a high degree of cost efficiency. Technology Investments Institutional Investing is all about thinking ahead: demographic trends are set to reduce global economic growth over the long term. As a result, substantial value creation will be concentrated mainly in the technology sector going forward. The»Bantleon Technology Council«provides unique access to know-how in this area. Investors can profit from this via a choice of mutual funds and one open-end special fund. 5

6 Our clients Over 150 institutional investors in particular banks, insurers and pension funds as well as many security-conscious private investors have opted for our mutual and single-investor funds. Bantleon s 46 employees manage a total of EUR 6.7 billion/ CHF 7.9 billion for clients in Switzerland, Germany, Austria, Spain, Italy, Portugal and other countries. EUR 6.7 billion/chf 7.9 billion 16.5% 18.3% Savings banks Cooperative banks 24.5% 40.7% Private banks/ funds of funds/others Pension funds/ industrial companies 6

7 Space for the best We manage investments through a three-stage process: long-term market trends are identified at an early stage, short-term price movements are actively managed, and the best individual securities are selected as a basis. The team behind it comprises some of the world s best macroeconomic analysts, leading scientists from the technology sector and experienced securities analysts.»bantleon Analysts«rank among world s best forecasters Two Bantleon economists were ranked among the best forecasters in the world for the US, France and Germany in the Thomson Reuters Starmine Awards Thomson Reuters thus confirmed the view of data provider Bloomberg, which has praised the two analysts exceptional forecasting skills for a number of years. Dr Daniel Hartmann Chief Economist Dr Daniel Hartmann came first out of 40 candidates for France (up from fifth in 2015) and third out of 50 for Germany (up from seventh in 2015). Bloomberg has rated him as one of the seven best forecasters in the world since 2011, and he appears in the top five on a regular basis. He has been responsible for analysing economic development and monetary policy in the Eurozone, Eastern Europe and Switzerland at Bantleon since 2005 and was appointed Chief Economist at the end of Dr Andreas A. Busch Senior Analyst Economic Research Dr Andreas A. Busch was ranked second among more than 100 experts on the US (up from third in 2015). Bloomberg has rated him as one of the world s top ten forecasters for the US since He has been in charge of analysis for economic development and monetary policy in Asia and the US at Bantleon since

8 The digital revolution is transforming financial markets The digital revolution is set to be the biggest driver for the stock markets over the next years as it rearranges the opportunities and risks of entire industries. Innovation and flexibility in particular will have a decisive influence on companies success or failure. Only those that adopt future-proof technologies will be able to survive in the marketplace, whereas the vast majority of slow-responding firms will eventually disappear altogether. Technology Investments follows a unique approach that combines in-depth technological expertise with professional portfolio management. Nine leading scientists from different research fields form an independent panel of experts, the»bantleon Technology Council«. They pinpoint technological trends and assess key technologies where they arise, namely in research institutes, universities and think tanks. The companies behind the technologies are systematically identified, evaluated and added to the portfolio by a team made up of portfolio managers as well as equity and industry specialists. 8

9 »Bantleon Technology Council«Healthcare Technology Prof. Robert Riener ETH Zürich Professor of Sensory-Motor Systems Energy Prof. Arno Kwade TU Braunschweig Head of the Institute for Particle Technology and Battery LabFactory Big Data Dr Jens Heidrich Fraunhofer Institute Head of Process Management Electromobility Prof. Lars Gusig Hannover University Head of the Institute for E-Mobility Advanced Materials Prof. Helmut Cölfen University of Konstanz Head of Physical Chemistry Communications Technologies Prof. Sören Peik Bremen University Professor of Radio-Frequency and Microwave Engineering, Satellite Communications Robotics, Manufacturing Technology & Automation Prof. Ulrich Mescheder Furtwangen University Head of the Institute for Applied Research Robotics, Manufacturing Technology & Automation Prof. Mike Barth Pforzheim University Professor and Head of Academic Section in the Field of Mechatronics Robotics, Manufacturing Technology & Automation Prof. Alexander Verl University of Stuttgart Head of the Institute for Control Engineering of Machine Tools and Manufacturing Systems 9

10 We stand by our principles We attach great importance to adhering to our principles. They guide us in our day-to-day work and keep us from making wrong decisions. 1 Security Security cannot be taken for granted. It only comes from careful management. Our guiding principle since our company was founded in 1991 has been that capital preservation always comes first only when this is assured can we focus our energies on generating attractive returns. 2 Reliability We know that investor satisfaction does not depend solely on performance. Our aim, therefore, is to be dependable in all aspects of our business. We communicate realistic targets and do not foster exaggerated expectations. Clients receive comprehensive support with investment controlling in line with their internal and regulatory requirements. 10

11 3 Transparency Even we cannot get things right all the time. Bad decisions that lead to performance shortfalls are an inevitable part of investment management. We therefore guarantee transparency in our products and processes so that our clients can always see what we do and why. This is the only way to build the trust to overcome diffcult periods together. 4 Responsibility We take our responsibility seriously when it comes to global environmental, social and corporate governance developments. This is why we support the United Nations Principles for Responsible Investment (PRI) initiative. We also define sustainability criteria for our portfolios wherever this is possible and makes sense. 5 Plausibility Above all, we are not only an asset manager but also an institutional investor in our own right, and it goes without saying that we manage our own investments in exactly the same way as those of our clients. 11

12 Switzerland Bantleon Bank AG Bahnhofstrasse 2 CH-6300 Zug Telephone Telefax Germany Bantleon AG Aegidientorplatz 2a D Hannover Telephone Telefax Mainzer Landstraße 33 D Frankfurt am Main Telephone Telefax Internet As of 30 October This brochure is for information purposes only and is not intended as investment advice or an offer to buy or sell a specific product. It does not form part of a sales prospectus. Past performance does not give any indication of future trends or constitute a guarantee with regard to future returns. The sales prospectus, in conjunction with the most recent annual or semi-annual report, is the sole binding basis for acquiring fund shares. These documents and the Key Investor Information Document are available in German free of charge from Bantleon AG, Aegidientorplatz 2a, D Hanover. The paying and information agent in Austria is Erste Bank der österreichischen Sparkassen AG, Graben 21, A-1010 Vienna. The Key Investor Information Document and fund sales prospectuses can be obtained free of charge in Switzerland from the representative Bantleon Bank AG, Bahnhofstrasse 2, CH-6300 Zug. All documents are also available online at This is a translation of the German disclaimer. The German version shall be binding for the interpretation of this document.