Expert View

The opinion of our experts, as featured in the media or published as white papers.

13.04.2016 | Pilotage articles

Some Like it Hot

The media occasionally locks in on a particular "hot" sector. In the late 1990s, it was technology. In the mid-2000s, it was mining. Writing headlines about fashionable sectors is one thing. Building investment strategies around them is another.

A reason journalists focus on particular industries or sectors is that these stories fit...

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13.04.2016 | White papers

What You Need To Know About The Independent Asset Managers In Switzerland

IAMs offer clients a range of wealth management solutions and advice, with asset management at the core:

An insiders analysis of the IAM market of Switzerland.

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13.04.2016 | Pilotage articles

The Missing Link

The connection between the stock market and the economy

Economists define real (inflation adjusted) growth as the sum of capital, labor and productivity growth [Growth = Capital + Labor + Productivity]. Real growth is thus constrained by the supply of labor, technological advancement, and the formation of capital.

Out of these terms, labor is...

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13.04.2016 | Pilotage articles

Smart Beta

Smart beta strategies have grown in popularity across the investment industry. This is part of a broader trend toward systematic strategies attempting to deliver market premiums.

Investors are drawn to benefits such as transparency and low management fees. While some assert that such strategies may reduce volatility without sacrificing...

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11.04.2016 | Pilotage articles

No Free Lunch

Since the 1979 introduction of the European Currency Unit, or ECU, through its replacement with the introduction of the Euro to present, the average foreign exchange rate of the prevailing European currency against the US Dollar is $1.17.

If a banker woke up after a several-decade coma, they could be forgiven if they looked at the present value (...

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11.04.2016 | Pilotage articles

The Case for REITs

Real estate has a unique position between fixed income and equity in a portfolio. While it generates income like a bond, its principal generally adjusts over time with inflation. Oddly, it is one of the few investments where both the income stream and principal are generally expected to appreciate over time with inflation.

...

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11.04.2016 | Pilotage articles

What To Expect When Expecting

The fundamental question when making any investment is always – how much extra expected return do I require for my expected risk?

Why are inflation expectations so important?

The fundamental question when making any investment is always – how much extra expected return do I require for my expected risk? While the expected risk and expected...

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