In us, you have one of the largest fixed income managers in Switzerland at your side.

Choose the right strategy from the following areas, among others:

• Investment-grade and high-yield bonds
• Short-term strategies
• Active management of the yield and spread curves in Swiss francs using derivative strategies
• Semi-active and tailor-made solutions for institutional clients
• Long/short strategies

Our many years of experience include CHF bonds from domestic and foreign issuers. We put our first-class market access and our expertise at your service.

We aim to provide you with a risk-adjusted outperformance relative to the global aggregated benchmarks and to preserve your capital.

Interest rate, currency, credit, and inflation risks are actively managed by combining qualitative and quantitative analysis.

Choose from a range of funds and tailor-made solutions including:

• Core fixed income investments
• Diversified fixed income investments
• Investment-grade corporate bonds
• Inflation-protected bonds
• Currency overlays
• Interest overlays/liability-driven investment (LDI)
• Inflation-protected overlays

For us, disciplined risk management is crucial. In addition, we focus on the medium to long term and use derivatives to make tactical adjustments and attain lower transaction costs.

Take advantage of the opportunity for steady income and benefit from the upside potential in spread markets with global corporate bonds.

We rely on fundamental research for consistent returns. We take a highly active approach and use market inefficiencies and distortions to your advantage.

Choose from facilities around the world – from developed to emerging markets. This includes:

• Global corporate bonds with a focus on creditworthiness
• Global corporate bonds with a focus on income
• Global high-yield bonds
• Securitized bonds
• Special situations
• Unconstrained Credit
• Global investment-grade bonds
• Conditional Capital Instruments

In addition to our bottom-up stock selection, we actively manage duration, region, and sector risk.

Emerging market and Asian bonds offer the opportunity for higher yields than developed countries and a growing investment universe.

These solutions offer competitive returns across the entire economic cycle, and with our local teams in Zurich, Singapore and Hong Kong we seek out the best opportunities.

Choose from among the following strategies:

• Global Emerging Markets Bonds
• Investment-grade global emerging market bonds
• Global emerging market high-yield bonds
• Global emerging market bonds with a regional focus
• Short-duration global emerging market bonds
• Asian corporate bonds
• Asian local currency bonds
• Sharia-compliant Sukuk mandates
  

This strategy relies on attractive returns in a low-interest-rate environment combined with diversification to protect against risks.

Choose a suitable solution for you:

• Absolute return (momentum-based strategy that aims for positive returns in trending markets)
• Long/short CHF bonds (long/short positions generate a symmetrical return profile and use structural inefficiencies and inconsistent price structures between the Swiss franc and the international markets)
• Special situations (high-conviction strategies worldwide)
• Global value (unlimited investments in all fixed income asset classes)

We support you in preserving capital and help you to maintain liquidity, achieve competitive returns, and implement consistent risk management.

With our short-term solutions, we actively manage the credit quality of corporate issuers - mostly with terms of up to three years. We strive for stable and competitive returns.

You can choose between different highly diversified portfolios in all major currencies:

• Money Market Instruments
• Corporate bonds with short duration
• Bundled money market products
• Individually managed accounts in multiple currencies

Convertible bonds are becoming increasingly popular as they combine features of stocks (upside potential) and bonds (downside protection).

We actively manage broadly diversified portfolios of convertibles to optimize the risk-return profile and seek to use short-term valuation distortions to maximize returns.

Choose between three strategies:

• Investment grade (high credit quality, stable value retention – so-called bond floors)
• Balanced (balanced risk/return profile)
• Dynamic (high performance potential, with higher volatility and credit risk)
  

Learn more about convertible bonds

Overlay solutions can reduce operational risk while ensuring regulatory compliance and transparency. Currency overlays can also serve as an alternative source of return.

Choose one of the following services:

1. Overlay strategies

• Aggregation of the underlying portfolios and control of the various risk dimensions with derivatives
• Overlays to control the interest-rate risk with swaps and futures
• Overlays to control the credit risk with credit default swaps (CDS)
• Overlays to manage inflation risk
• Active, dynamic and passive solutions for currency overlays
• Hedging of share classes