Asset Management

Global Equity Strategy

The Global Equity Strategy team analyses the developments on the worldwide stock markets. With the aid of a quantitative-based investment process, a ranking of the relative attractiveness of countries and regions is compiled. Through the resulting tactical allocation decisions in the USA, Europe, Japan, Asia Pacific, Latin America and Emerging Europe, surpluses against the benchmark can be achieved.

The investment process is based on a combination of quantitative and qualitative processes. In the first step mainly macroeconomic data is identified within the scope of an empirical research process. These have a permanent forecasting quality for the development of returns on the international stock markets. Based on this analysis, regression models then provide forecasts for the performance of individual stock markets. The quality of data and the signal-determining factors are continuously evaluated. Within the qualitative overlay, additional factors are analysed, which are not contained in the quantitative models because they only provide forecasting quality in particular phases. The quantitative and qualitative signals are brought together in a systematic decision process.

The implementation of the decision happens, depending on the mandate, through mutual funds, ETFs or in a futures-based overlay, and offers an attractive source for uncorrelated supplementary yields.

top