Citywire Switzerland Andermatt 2024

Allianz Global Investors is one of the world's leading asset managers with a wide range of private market strategies, some of which have track-records stretching back for decades, including private debt, private equity, infrastructure equity and debt, renewables. 

Discover the Allianz US Investment Grade Credit Strategy.

Hear Anil Katarya, the lead PM of the strategy, on how he and his team are successfully navigating the US investment grade credit market, deliver strong results for clients for over a decade and why US Investment Grade Credit offer attractive opportunities in the current environment. 

Workshop Objective: Get to know the Allianz US Investment Grade Credit Strategy and know why it could be one of the most attractive places to invest currently.

Company Profile: Allianz Global Investors is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing EUR 514 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.

In this presentation, James will explore how and why investors should consider allocating to the BNPP Funds Global Enhanced Bond 36M, which utilises an absolute return investing style, with a focus on positive return generation across market conditions, capital preservation whilst delivering lower levels of correlation to wider fixed income universe, in 2024. James MCalevey will consider the Fund’s opportunities in the context of BNP Paribas Asset Management’s current global fixed outlook, covering all key sectors of the fixed income universe.

Workshop Objective: Learn about BNP Paribas Asset Management’s 2024 global fixed income outlook and how an absolute return approach to investing in fixed income can deliver investors with consistent positive well-diversified returns whilst preserving capital.

Company Profile: BNP Paribas Asset Management belongs to BNP Paribas, one of the world’s foremost financial institutions. It has a broad range of skills in five investment divisions: Equities, Fixed Income, Private Debt & Real Assets, MAQS and SQI. Sustainability is at the heart of BNP Paribas AM’s strategy and investment decision-making process, making an active contribution to energy transition, environmental protection and the promotion of equality and inclusive growth.

BNPPAM currently manages EUR 529bn of AuM (30.06.2023).

 Against a backdrop of extraordinary concentration in the US market, with the Magnificent 7 representing 63% of the S&P 500's performance in 2023, finding diversification in equities has become increasingly more important. This session explores how better risk adjusted returns may be available to investors further down the market cap spectrum. Jonathan Tredgett of Findlay Park will dispel the myth that you must sacrifice quality to find diversification in midcaps, and through deep fundamental research it is possible to identify companies that are able to weather any market environment.

Workshop Objective: We will explore why we believe that there are compelling fundamental and valuation reasons supporting greater midcap exposure.

Company Profile: Findlay Park is an independent investment partnership based in London, 100% owned by its partners. We have one investment team, based in one location, managing one strategy, with the core purpose of generating compelling compound returns for our investors, measured over decades. 

The Findlay Park American Fund is an all-cap active US equity fund which holds 40-60 stocks. Launched in 1998, we have 25 years’ experience investing in America with a clear Investment Philosophy that is aligned to our purpose and rigorously applied through all market conditions. We implement our philosophy by assessing each stock against a checklist of twenty-nine questions, which analyse key aspects of a business including its financial and competitive position, management, and valuation. Our philosophy guides us towards profitable companies that are typically self-funded, have lower leverage than the market average, and have pricing power – attributes that we think are distinctly important given the current market backdrop.

We believe that ‘Keeping it Simple’ and taking less risk enables us to generate a higher compound rate of return for our investors. Ultimately, we want to invest in a diversified portfolio of quality businesses that have enduring competitive advantage so we can feel confident in the inevitability of the outcome. By focusing on one strategy, we can delve into detail, maximise our focus on investing and spend time engaging with both investors and management. 

We believe that continual learning and a readiness to evolve are essential to success. As an independent partnership our interests are fully aligned with our investors.

A convergence of policy, macro and market factors were responsible for the historic fixed income volatility in 2022 to 2023. Going forward, what are the most attractive fixed income opportunities, sectors and themes? And what role can securitised debt take on to harness the full risk-adjusted return potential of fixed income.

Workshop Objective: To demonstrate the key characteristics and drivers of the Multi-Sector fixed income, our approach to analysing the sector and themes and the opportunities in 2024.

Company Profile:Janus Henderson’s mission is to help clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. This means being ever mindful of the futures of the millions of lives that our thinking and our investments help shape. Our diverse client base and robust balance sheet allow us to offer financial strength and stability with which to help investors achieve their objectives.  

The human connection matters in all that we do. Teams across Janus Henderson come together every day to deliver outcomes for our clients – and their clients – that make a difference. We are proud of this responsibility as we fulfil our purpose of ‘Investing in a brighter future together’.

As the 2020s progress, investors should brace for a decade of disruption. Technologies accelerate the pace of change in doing business. Innovation focuses on making the way we work more sustainable and improving access to affordable healthcare while defending current living standards. Today’s companies are challenged to adapt to an evolving geopolitical equilibrium ─ or dis-equilibrium.
Against a backdrop of disruption, what better place to explore opportunities, shelter from storms and generate returns than Switzerland? 
Historically, Swiss smid-caps boast a successful track record of weathering Forex headwinds and innovating their way into global leadership in niches while remaining reactive to shifting demands. Going forward, we expect the segment to unlock its true compounding characteristics and reward our dedicated strategy.

US broadly syndicated loans have been amongst the best performing fixed income asset classes over the past two years. The floating rate coupon they offer has benefited investors as the US Fed has embarked on the steepest rate hiking path in modern history. With all signs pointing to a peak in rates and the likelihood of future cuts, investors may naturally wonder if senior loans still offer value. We argue that with market expectations of a “higher for longer” interest rate environment, senior loans are well positioned to offer a diversified source of return and reduce overall portfolio volatility. 

Workshop Objective: Educate investors on an asset class that has historically provided increased income, lower volatility & low correlation to other fixed income asset classes.

Company Profile: Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.1 trillion in assets under management as of 30 Jun 2023 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.

Global high quality bond markets currently present a highly compelling opportunity to lock in yields that are more attractive than cash rates and further upside to benefit from equity-like returns amidst a slowing economy. Yet, not all bond markets are offering the same opportunities and investors need to have a selective approach. Lorenzo Brunelli, Fixed Income Strategist, shares insights on PIMCO’s expertise on the global bond asset class, illustrating how the PIMCO GIS Global Bond Fund has consistently delivered category topping outcome for investors.

Workshop’s Objectives:

Why the PIMCO GIS Global Bond Fund represents an attractive and timely investment opportunity in today’s markets:

1. The fund benefits from world class active approach to investing in fixed income markets whilst preserving the key characteristics of core bonds: high quality and liquidity, diversification and enhanced portfolio resilience.
2. Core bonds provide immense value in investors’ portfolios, even after the rally in rates experienced in the fourth quarter of 2023. It is indeed high time to restore allocations to core bonds.
3. The equity diversification benefit of core bonds is likely to become more pronounced as the historically low/negative stock bond correlation reasserts itself.
4. Whenever there is volatility, there is opportunity. Through this fund, we illustrate how we plan to navigate potentially divergent monetary policy paths ahead.

 

In a world of increasing geopolitical and economic uncertainty Jonathan Price, Investment Director at Royal London Asset Management, will share how thinking in terms of Corporate Life Cycles has driven investment success against multiple market environments.

Workshop Objectives

Jonathan will highlight:

• How the Corporate Life Cycle can be applied across Global and Regional Equity Portfolios
• The analytical advantage of a Shareholder Wealth Creation assessment and valuation approach within this framework
• How Life Cycle balance in portfolio construction drives idiosyncratic risk and returns

Company profile: Royal London Asset Management is one of the UK’s leading investment companies, having built a strong reputation as an innovative manager, investing across all major asset classes. We manage over £188.9 billion of assets 30 September 2023, split between equities, fixed interest, multi asset investing, property and cash, with a market leading capability in sustainable investing. Products include funds and segregated accounts investing in government bonds, investment grade, high yield and unrated credit, equity income and equity growth across global developed markets, as well as UK property and cash and short-term money market instruments.

Implicit in Evenlode’s ethos is the belief that all decisions –  small and large– whether directly or indirectly related to the investment process, can make a difference to investor returns.  Join this session to learn more about how Evenlode’s robust investment approach, combined with a pro-active approach to stewardship, and a boutique culture delivers attractive and consistent long-term returns.

Company Profile: Evenlode is an independent investment company based in Chipping Norton, Oxfordshire. Spring Capital is an independent investment distribution company offering capital raising, marketing and client service for open-ended funds managed by boutique asset managers including Evenlode.

Evenlode has one overarching investment philosophy – “Invest in high quality, cash generative companies at sensible valuations.” This philosophy is at the core of the three complementary strategies they manage: UK Equity Income, Global Equity Income and Global Equity Growth– which also share the same research team. Each strategy has lead managers, supported by the wider investment team– all of whom participate in decision-making for any portfolio changes. 

Evenlode has a highly developed approach to analysing risk and continuously look to improve their understanding of the fundamental business risks of the companies they invest in. Their extensive research is stored on a proprietary platform, called EDDIE, which includes tools to support investment decisions and all stewardship and engagement actions.

The aim of the presentation will be to explore some opportunities in Emerging Market Fixed landscape through our specific blend approach, which was developed and find-tuned over the last two decades. The investment strategy uniquely allows us to navigate both hard and local currency bonds, offering a selective perspective on investment opportunities. Our presentation goes beyond the conventional, exploring distinct approaches to Emerging Market Fixed income. As an active fund, we specialize in Global Emerging Market Debt, strategically maneuvering through hard and local currencies. This not only broadens the spectrum of opportunities but also elevates the quality of our decision-making. We will explore our most alluring prospects and delve into the advantages of our adaptive, country-centric strategy
Workshop Objective: Discover how to explore more opportunities in Emerging Market Fixed Income with our unique blend strategy, navigating both hard and local currency bonds.

Company Profile: Proven specialists develop high-quality investment and pension solutions for private investors, companies and institutions under the Swisscanto brand. With its sustainability research, which has existed since 1996, Asset Management still plays a pioneering role in the field of sustainability today. These many years of experience combined with our established, systematic investment approach form a unique symbiosis of two successful core competencies.