• We want to provide our clients with an attractive and sustainable return, but always keeping risk under control for our clients. So, we will always have much attention to
• diversification,
• providing the product with the right risk profile to the client,
• providing protection structures where needed.
• We have a disciplined monthly process with participation of fund managers and analysts.
• We have a balanced emphasis on a top-down approach
• Translation of our macro-economic scenario and of current market conditions into an appropriate:

1. global asset allocation,

2. and then, bond theme and industry group allocation.

• This is based on the fact that relative returns of the respective allocation groups follow a cyclical pattern.
• We have a pragmatic stock-picking approach
• Scope-enlargement of fundamental research through introduction of industries (i.e. subcategories of industry groups).
• Quantitative tools and models will be used as a complement to fundamental stock analysis, if backtests have proven to be significantly positive.
• We don't go for any specific style
• Style changes are captured in the processes and models, both for top-down as for bottom-up.