A Bottom-up approach is used particularly in equity management. In the case of investments in equities, individual stocks and companies are analysed and at the same time, the opportunities and risks associated with the relevant sector are assessed. For a part of this analysis ESG factors are taken into consideration.
A Top-down approach is used in the management of umbrella funds and bonds. After performing a detailed analysis of the economic conditions at the global and national levels, our management team decides which markets and countries to buy bonds and equities in and which currencies they should be denominated in.