There are no standard solutions in the world of asset management. As clients define their own risk tolerance and have different yield expectations, they require an individual mix of asset classes and investment options that suit their personal needs. Our asset managers are trained to focus securely on your individual needs before designing an investment strategy that suits your circumstances.
With a classic asset management mandate (recommended for investment portfolios from CHF 10 million), you as our client will benefit from our tailored and individual support. Tellco Ltd is your professional and reliable partner who knows how to strike a fine balance between opportunities and risks. Thanks to our balanced and optimally diversified asset allocation, we can also satisfy your demands for long-term security.
To identify the investment strategy that best suits your needs, we not only consider your risk tolerance and risk capacity as well as your yield expectations, but also study the individual features of your fortune without losing sight of the tax aspects. We make use of four different investment strategies, each of which can be individually adjusted and optimised.
Income Strategy: Low risk, stable earnings. No equities, a large exposure to CHF bonds and, for reasons of diversification, a small component of alternative investments with low volatility. Maximum foreign currency exposure of 30%.
Strategy 10: Moderate risk, moderate growth. On average 10% in equities, a large exposure to fixed-interest and real estate investments and, for reasons of diversification, a small component of alternative investments with low volatility. Maximum foreign currency exposure of 30%.
Strategy 25: Medium risk, growth in line with the market. On average 25% in equities, fixed-interest and real estate investments and, for reasons of diversification, a small component of alternative investments with low volatility. Maximum foreign currency exposure of 30%.
Strategy 40: Higher risk, dynamic investment. On average 40% in equities, fixed-interest and real estate investments and, for reasons of diversification, a small component of alternative investments with low volatility. Maximum foreign currency exposure of 30%.
Tellco Ltd works according to the benchmarking principle. Our results should be measurable and comparable. Our investment processes are clearly defined and applied consistently and systematically. Our investment strategies are not only assessed and optimised in relation to the defined weighting of the individual asset classes, but also to reflect the results of our analyses of the different business sectors, macroeconomic data and interest rate and foreign currency trends.
The investment strategy is defined and monitored by the Tellco Investment Committee. In addition to the statutory provisions, the investment strategy is based on the contractual agreements with the client as well as the defined bandwidths and is determined by, among other things, the term to maturity (bonds), sector weighting, currency allocation and option strategies (equities).
The portfolio is built up step by step, starting with the macroeconomic analyses used by Tellco Ltd to develop model portfolios. These are only duplicated in actual portfolios after in-depth analysis and optimisation.
With the top-down allocation approach, quantitative models and fundamental analyses are combined to filter out the equities from the benchmark that have the best risk/return profiles.
The defined benchmark is used to constantly analyse the allocation according to criteria such as term to maturity, currency rating, country rating, sector rating and credit rating.
An individual portfolio is structured to comply with the client’s yield expectations and risk tolerance and the allocation is analysed and tested according to various criteria. The principles of asset and liability management (holistic approach and planning for the future) are used to put together a balanced basket comprising various investment strategies.
It is part and parcel of our company’s approach to risk management to constantly test and evaluate our investment strategies by assessing the performance as well as the risk development. We proactively and periodically report on the investment performance, ideally also during a personal meeting. When it comes to risk, we believe that although identification may be the first step, speedy action comes a close second. In accordance with liability management (comprehensive assessment and forward planning), a balanced basket with a selection of investment strategies is compiled.
The Portfolio Management department is responsible for the implementation of the Investment Committee’s decisions. In turn, the Risk Management department monitors the portfolio managers and guarantees that investment guidelines are observed at all times and without exception. The portfolios are also periodically reviewed by an external investment consultant for compliance with the investment guidelines.