Conservative strategies

Our conservative strategies in CHF, EUR and USD aim to achieve a positive return in every single year. In recent years, we have missed this goal only in the crisis year of 2008. The predominant pillar of this strategy constitutes of fixed-income securities making up at least 50% up to a maximum of 90% of the portfolio. Equities are limited to a maximum of 30% and alternative investments to a maximum of 20%.