|
|
  |
|
1. Strategy
'Balanced'
The strategy 'Balanced' is suitable for investors who look for
a balanced risk/return proportion. This strategy is in between
the strategy 'Income' (defensive) and the strategy 'Growth'
(aggressive). Around 50 % of the portfolio will be invested
in equities. This makes the longer term expected average yield
work out better, brings however more fluctuations of the deposit
value. The share of investments in the reference currency is
lowered to about 50 %, so that the fluctuations of the foreign
currencies have a stronger influence on the whole performance.
The strategy 'Balanced' is the golden middle road. The minimal
recommended investment horizon (see point 3) lies around 2.8
years.
2. Key figures strategy 'Balanced'
REFERENCE
CURRENCY
|
CHF
|
EURO
|
USD
|
INVESTMENTS
IN REF. CURRENCY
|
50
% |
65
% |
65
% |
INVESTMENTS
IN EQUITIES
|
50
% |
50
% |
50
% |
| ITARGET
YIELD p.a. |
6.1
% |
7.1
% |
7.2
% |
VOLATILITY
p.a.
|
9.7
% |
9.2
% |
9.2
% |
3. Probability distribution of the target
yield
| TIME
HORIZON |
TARGET
YIELD
|
MAXIMUM
YIELD
|
MINIMUM
YIELD |
1
year
|
7.15% |
18.88% |
-4.58% |
3
years
|
7.15% |
13.92% |
0.38% |
5
years
|
7.15% |
12.39% |
1.91% |
10
years
|
7.15% |
10.86% |
3.44% |
the above
mentioned figures are based on the USD reference currency
the green line corresponds to a maximum of yield p.a. in a certain
room of time. With a remaining probability of 10 % the yield
can be higher.
the red line corresponds to a minimum yield p.a. in a certain
room of time. With a remaining probability of 10 % the yield
can be lower.
the blue line corresponds to the target yield p.a.. It was worked
out defensively and upon historical facts and corresponds to
the average, long term yield to be reached p.a.
the minimum investment horizon lies around 2.8 years. That means
with greater probability (80 %) that the yield lies in the observed
room of time between 0 % und 14 % p.a.
An example:
If this strategy is only realized for a year, the yield will
fluctuate with 80 % probability between +18.88 % and -4.58 %.
In 10 % of the cases the yield will move over the limit of the
width of the band and in 10 % under the limit. If the strategy
is realized for a period of 5 years, the yearly yield will fluctuate
with 80 % probability between + 12.39 % and + 1.91 %. The longer
the strategy is realized, the closer lies the average yield
to the target yield.
These facts and calculations are based on historical values
and cannot be a warranty for future yields, but do have a high
probability.
4. Asset Allocation (Strategy 'Balanced')
MARKET
SEGMENTS
|
REFERENCE
CURRENCY
|
BENCHMARK
|
| |
CHF |
EURO |
USD |
|
MONEY
MARKET
|
10.00 |
10.00 |
10.00 |
CASH
ACCOUNT RATE |
BONDS
CHF
|
20.00 |
0.00 |
0.00 |
SWISS
DOM. GOV. BOND INDEX |
BONDS
EURO
|
10.00 |
30.00 |
10.00 |
JP
MORGAN DEM BOND INDEX |
BONDS
USD
|
10.00 |
10.00 |
30.00 |
JP
MORGAN USD BOND INDEX |
EQUITIES
SWITZERLAND
|
20.00 |
10.00 |
10.00 |
SWISS
PERFORMANCE INDEX |
EQUITIES
EUROPE
|
15.00 |
25.00 |
10.00 |
MORGAN
STANLEY CAPITAL INDEX EURO |
EQUITIES
USA
|
10.00 |
10.00 |
25.00 |
MORGAN
STANLEY CAPITAL INDEX USA |
EQUITIES
PACIFIC (incl. JAPAN)
|
5.00 |
5.00 |
5.00 |
MORGAN
STANLEY CAPITAL INDEX PACIFIC |
| TOTAL |
100.00 |
100.00 |
100.00 |
|
Top
 |
|
|
