Asset Management
Asset management at NPB Neue Privat Bank AG encompasses wealth management for private and institutional clients, the management of NPB’s own funds, the issue of structured products and in-house research. The highly-qualified
Asset Management Team combines the latest scientific methods with many years of professional and market experience. Our systematic investment process is based on an analysis of the economic outlook and on the study/evaluation of
individual investments.
You favour quality.
The investment strategy pursued by NPB is geared towards a marked risk reduction and generating a positive return in the medium term through appropriate asset allocation.
Investment philosophy
The strategic asset allocation is based on a fundamental top-down approach and implemented in a disciplined investment process. It combines the systematic analysis of customer needs and of the global economic outlook. It relies
both on own macro forecasts and on secondary research of leading global securities firms. The periodic adjustment of asset allocation (rebalancing) allows temporary tactical over- and underweighting while maintaining long-term
strategic allocations.
Core-satellite strategy
Asset management is characterized by the systematic use of global diversification potential. The customer custody accounts are modularly adjusted to individual customers' preferences
by means of selected securities, ETFs, best-in-class investment funds, structured products, etc. Customers can invest in individual modules (individual securities, ETFs, mutual funds, structured products) or combine these
modules, as desired. ETFs are an attractive investment, especially in mature markets, as only a few actively managed investment funds consistently outperform the respective indexes in terms of returns.
With the addition of structured products higher yields can be achieved if the markets move sideways. Selected structured products are also suitable for reducing the risks of a portfolio without severely limiting the upside
potential as prices rise.
Equities and bond investments (individual securities, ETFs, investment funds, etc.) can be supplemented as a core investment by alternative investments. The asset classes chosen as complementary investments (satellite) include,
in particular, infrastructure investments, indirect real estate investments, hedge funds as well as investments in private equity and private debt.
The investment strategy pursued by NPB is geared towards generating a return in the medium term that exceeds a suitable benchmark with significantly reduced risk. This is achieved by implementing strict controls and permanent
follow up strategy implementation.
Investment funds and actively managed certificates
NPB Neue Privat Bank AG offers funds domiciled in Switzerland or Luxembourg. In Switzerland, custody accounts are managed by Bank Sarasin; in Luxembourg, this role is performed by DZ Bank. The Swiss fund and the Luxembourg-based
umbrella fund, which meet the requirements of a SICAV under UCITS IV, have been licensed by the Swiss Financial Market Supervisory Authority (FINMA) for public distribution in Switzerland.
NPB Dynamic Fixed Income Fund (USD)
The NPB Dynamic Fixed Income Fund is a fund categorised under ‘other funds for traditional investments’ under Swiss law, and invests in a globally diversified portfolio composed of fixed-income investments. Here, a
multi-manager approach exploits the potential for diversification and earnings offered by innovative fixed-income investment strategies.
The fund invests primarily in a global, fixed-income core portfolio with high credit quality. In addition, further fixed-income investments focus on innovative strategies to generate uncorrelated returns, e.g.
insurance-linked bonds, structured interest rate products and alternative investments in the fixed-income segment.
The fund is suitable for investors with a long-term investment horizon who aim to generate stable returns with a hand-picked portfolio, and to outperform conventional bond investments over the long term. The foreign
exchange rate risk is largely hedged in the fund.
NPB Asia (ex Japan) Fund (in USD)
This sub-fund under Luxembourg law was launched in 2003, and is managed by Pheim Asset Management, one of the leading asset managers for Asian equities in Singapore.
Using a value approach, the fund invests primarily in small and medium-sized Asian companies, focusing on Korea, Taiwan, India, Malaysia, Hong Kong, Singapore, the Philippines, Thailand, China and Indonesia. It seeks to
manage the cash/equity weighting on an ongoing basis. The fund is not always fully invested, enabling it to achieve a better risk/return profile. The foreign exchange risk together with the equity market risk may lead to
greater fluctuations overall in the short term.
The fund is suitable for investors with a long-term investment horizon, who aim to realise a return on their capital with a hand-picked portfolio.
Best-in-class fund portfolio
NPB Neue Privat Bank AG offers those investors who prefer to invest part of or their entire portfolio in equity and/or bond funds, rather than directly in individual equities and bonds, the opportunity to invest in a portfolio
of selected investment funds.
Based on an investment strategy that is optimised on an ongoing basis, investment funds managed by the world’s best asset managers are selected using a ‘best-in-class’ approach.
This ‘best-in-class’ approach is based on the recognition that it is not possible today, even for very large banking institutions, to generate an above-average return in all markets and market segments; and that an independent
selection of funds promises a better return.
Structured Products / actively managed certificates (rule based)
A structured product is an investment vehicle which combines various financial instruments and combines them into a new entity. In addition to basic investments such as equities, bonds, indices or commodities, derivatives also
form an integral part of structured products.
Combining instruments allows the risks associated with specific investments to be reduced or increased on an individual basis. Structured products are deployed for investors targeting asymmetrical risk/return characteristics
(e.g. capital guaranteed or leverage product).
An attractive segment of structured products are the so-called Actively Managed Certificates (CMA's) offered by the bank to its customers. AMC's invest in new investment themes or styles based on a rule-based approach like the
below listed products advised by Dorsey Wright Associates. These CMA's select equities with strong momentum and low volatility based on a quantitative approach.
NPB Neue Privat Bank AG bases each choice of product on an evaluation and selection of the best and most cost-effective issuers from amongst leading investment banks.
To date, NPB has successfully launched over 300 structured products.
