Press

Swiss Selector names the most resilient funds he backs

Home > News > Swiss Selector names the most resilient funds he backs

Citywire Selector

As investors concerns of market volatility are on the rise, alternatives, gold and quality fixed income have been the go-to asset classes for fund selector Mikaël Safrana.

The director at Geneva-based private banking group Banque Héritage told Citywire Selector that the investment team has historically tilted towards a conservative investment stance and minimising drawdowns.

Amid concerns of a potential recession on the horizon, Safrana said investors have the choice of either allocating to safe havens or gear exposure to conservative managers in order to weather tough times.

‘A clear winner in the former category has been gold and our go-to product is the ZBK Gold ETF which physically holds the precious metal and can offer delivery. We’ve also increased our allocation to alternatives which can benefit from increased volatility.’

Here, Safrana named the FORT Global UCITS Diversified fund, a diversified systematic program, as a strategy that has proven resilient through time. Elsewhere, quality fixed income remains an essential asset class for when the going gets rough, he said.

‘We’ve been a long term investor in the Robeco QI Global Dynamic Duration Fund as we appreciate its ability to very swiftly adjust its duration exposure.

‘Regarding selecting conservative managers, decisions are more challenging as they need to be closely monitored. A consistently good cushion manager has been the Cullen North American High Dividend Value fund due to its revenue characteristics and focus on valuation.’

Lower delta convertibles are another segment that have proven their worth when it comes to weathering volatility.

‘When expecting a turn for the worst, higher volatility and less liquid strategies would get the cut. These include micro caps, small caps or high yield bonds, to name a few.’

https://citywireselector.com/n...

October 15, 2019

Press

Press

The Cornerstone of Foreign collective investment placements

Antoine Royer, Head of Fund Representation & Paying Agent Service, talks about the Swiss fund representation business he has been developing at Banque Heritage since 2022.

April 17, 2024

Press

Portfolio manager industry: 360° market view

Interview with Marcos Esteve

December 14, 2023

Press

Asset Management Association - Person of the Month, Jean-Christophe Rochat

Jean-Christophe Rochat, CIO and Head of Asset Management at Banque Heritage, shares his insights in this interview with Asset Management Association:

October 10, 2023

In order to ensure the usability of the website and to recognise your needs and preferences, we use cookies. Please press, "Accept" to agree to the use of cookies or press on the following link: Cookies policy to let us know your preferences regarding the use of cookies on our webpage.

accept