Tactical, flexible and coordinated management

An understanding of markets and trends determines the most appropriate positioning at a given moment.
This tactical positioning reflects the output of the monthly Management Committee meetings, attended by the fund managers and research teams. The tactical positioning is also supported by the expertise of allocation managers and specialized managers that are in charge of managing the Fixed Income and Equity sub-portfolios.

Active, yet controlled

The added value of the management is demonstrated, with extensive and controlled leeway, by global risk budgeting monitored primarily via the APT tool. The global risk budgeting is broken down into two budgets : one dedicated to allocation and another dedicated to selection.
As well as taking into consideration the risk-return profile of each type of portfolio (conservative, balanced, dynamic), the added value is demonstrated by :

• anticipation of macroeconomic developments;
• capacity for tactical allocation by asset class;
• identification of potential for performance in different geographical areas or sectors of activity;
• selection of securities;
• choice of instruments for diversification.

Our Balanced funds range