Krassimira Kostova Galliker, CFA

Sharing Experiences and Perspectives on AI with Banque Cantonale Vaudoise. We would like to extend our heartfelt thanks to Banque Cantonale Vaudoise for allowing us to share our experiences regarding the integration of artificial intelligence within Swiss SMEs, particularly in our field of wealth management. For over a year now, at LM Capital, we have enthusiastically embraced the adoption of AI and Machine Learning. Our goal is to make our processes more efficient, our creativity more dynamic, and to automate essential tasks ranging from financial research to management report writing, as well as analyzing large datasets and creating marketing content. The integration of technologies such as ChatGPT into our daily routines has already significantly improved our efficiency. However, we are aware that this is just the beginning of a long and exciting journey. On a larger scale, one of the major challenges remains the ongoing training of the teams on new technologies and partnering with data scientists to enhance our integration capabilities. It is also essential to closely monitor the evolution of regulations surrounding AI in the financial sector, aware of its importance for our future. We remain committed to further exploring these technologies, convinced that artificial intelligence has the potential to radically transform wealth management. We see AI as a complementary tool that enriches and does not replace the role of wealth management experts. Far from reducing the workforce, it provides new knowledge and sources of wisdom, thus enabling more informed decision-making and more efficient asset management, all while enhancing the value added by our experts. The road is still long, and our commitment is firm. #ArtificialIntelligence #MachineLearning #DigitalTransformation #TechSwitzerland #BCV

130

German fund industry grows by 9 per cent year-on-year: ◾ Equity funds are the largest group ◾ Bond funds top the sales list ◾ Spezialfonds: Outsourcing of portfolio management is widespread Fund companies had a total of EUR 4,289 billion AuM for investors in Germany as at 31 March 2024, an increase of nine per cent in the last twelve months (31 March 2023: EUR 3,922 billion). This means that assets are only slightly below the all-time high of EUR 4,311 billion at the end of 2021. The majority, at EUR 2,125 billion, is attributable to open-ended Spezialfonds for institutional investors. These are primarily retirement benefit schemes (EUR 748 billion) and insurance companies (EUR 543 billion). The fund companies manage EUR 1,459 billion in open-ended retail funds. Equity funds account for EUR 680 billion of this total. Their share has risen from 36 to 47 per cent in the last five years, mainly due to the rise in stock prices. Next come balanced funds with EUR 350 billion and bond funds with EUR 217 billion. Their share fell from 28 to 24 per cent and 20 to 15 per cent respectively. The net assets of property funds totalled EUR 129 billion. In the first quarter of 2024, the fund industry received a net inflow of EUR 21.7 billion in Germany. Open-ended Spezialfonds accounted for EUR 9.5 billion of this. Open-ended retail funds attracted EUR 3.8 billion. This is above the average value for the quarters in 2023 (EUR 3.2 billion). For further information, please see the press release: ▶ https://lnkd.in/ec7qJa56 Peggy Steffen Christiane Lang Frank Bock Volker Weber Magdalena Kuper Kai Schulze Yvonne Schulz Sebastian Oys Christian Anger Moritz Bartsch Rudolf Siebel Felix Ertl Daniel Mettlach Marius Seibert Jenny Seydel Marc Bubeck Sebastian Krämer- Bach Klaus Papenbrock Dr. Sinan York Temelli Cvetelina Todorova Jasmine Carolin Schimke #share #funds #bonds

32

New Customer Success Story from Alpian! 🤝 Alpian a fully regulated and licensed bank under the Swiss Financial Market Supervisory Authority (FINMA), ensures compliance with ASC's compliance-based cloud solution, seamlessly integrated into their operations for over a year. 💼 With ASC's Recording Insights in Microsoft Teams, Alpian maintains regulatory compliance, monitors quality, and improves customer experience through call recordings. 🔒 The efficient start of using the solution in less than a day due to the fast onboarding and ASC's focus on cognitive service innovations will be of great importance to Alpian in the near future. 🚀 Read the full story here 👇 https://lnkd.in/eTUtueCn #Compliance #Innovation #RecordingInsights #ASC #Alpian 🏔🇨🇭 #swissbusiness #approved

54

👉 Get our Structured Products Market Report now: https://six.swiss/35AQ6fd 📈 In a nutshell: in May 2024, SIX Swiss Exchange scored a trading turnover in Structured Products of CHF 693 million through 36,220 transactions, decreasing by 18.74% compared against previous month. 🚀 The number of tradable Structured Products on SIX Swiss Exchange increased by 3.88% compared to previous month and reached a total of 63,053. Overall, 9,455 products were newly listed in the last month. 💡 Are you getting all the infos you need? Subscribe to this and other reports from SIX Swiss Exchange: https://six.swiss/2TF5gz2 #B1Gnumbers #SIX #sixswissexchange #StructuredProducts #Trading #Investing Sébastien Neukom

13

Out now: The latest Swiss Structured Product Industry Report Q1 2024! 🎉 The industry achieved a turnover of CHF 49 bn in the first quarter of 2024. It was thus around 20% above the level of the previous quarter, when sales of CHF 41 bn were achieved. The largest turnover share in Q1 2024 is accounted for by yield enhancement products (45%), followed by leverage products (26%). Participation and capital protection products accounted for 14% and 10% of quarterly turnover in Q1 2024, respectively. In Q1 2024 reverse convertibles generated the highest turnover (CHF 12 bn), followed by trackers (CHF 6 bn), and warrants with knock-out (CHF 5 bn). Equities remain the dominant asset class with 54% of turnover, while Foreign Exchange, Fixed Income and Commodities account for 22%, 10% and 5% of quarterly turnover, respectively. Non-listed products generate 67% of total turnover in Q1 2024. At 56%, the primary market achieves a higher share of turnover than the secondary market. The USD achieved the highest share of turnover with 42%. Together with the EUR and CHF as the most important currencies for Structured Products, it accounts for 90% of total turnover. #SSPA #StructuredProducts #SwissStructuredProductIndustryReport

34

The importance of private markets has increased inexorably in recent years. How should investors organize their investment strategy in this dynamic environment? What is the best asset allocation? This topic was treated in this Monday's engaging FuW Forum Webinar: "Private Markets - Anlagestrategien im Wandel der Zeit". Topics treated were private markets, private credit and infrastructure strategies. The webinar was hosted by Finanz und Wirtschaft's economics editor Sylvia Walter. Presentations were held by Jonathan Orr from Apollo Global Management, Inc., Samuel Müller, CFA, FRM, CAIA from Baloise CH Asset Management, Karin Kaiser from Schroders and Stefan Hasenböhler from Reichmuth & Co Infrastructure and Patrimonium's MD Infrastructure Reto Schwager. A truly informative event that should capture qualified investors' interest. You can view the webinar here: https://lnkd.in/eaAqn9_Y Patrimonium's Climate Infrastructure program: https://lnkd.in/eNtv4saB Thank you to Finanz und Wirtschaft for this successful project Andrea O. Weckherlin, Gregory Walzel. #privatemarkets #infrastructure #privatecredit #privatedebt

31

1 Kommentar

Dear all, Enclosed our charts of the week. All eyes on NVDA. Happy Wkend. Best regards, Your ERIYA Team Melanie Struffi Roger Hengartner Edoardo Conforti Jonas Holzreiter Sandro Schmidlin Source: Survista Financial Advisors AG / Peter Bieri #investing #investmenttrends #economy #innovation #bankingindustry #wealthmanagement #structuredproducts #investmentsolutions #assetmanagement #markets #banking #linkedin

4

issuance.swiss AG offers Cardano Foundation Staking ETP on the Deutsche Börse by #ETFWORLD The Switzerland-based protocol Liqwid Labs Finance, in partnership with the issuer issuance.swiss AG, is launching CASL, an innovative #ETP in the world of staking digital assets. CASL not only captures the performance of the underlying ADA, managed by the Cardano Foundation, but also the interest earned by staking the token. Distributed as an ETP (Exchange Traded Product), the product is accessible to all kind of investors from Thursday last on the Zurich stock exchange, the SIX Swiss Exchange (ISIN code CH1327686056 - Ticker CASL). What is an Exchange Traded Product (ETP)? An ETP is an investment vehicle that mimics the performance of a selection of related assets. ETPs are a popular investment method that combines the advantages of other trading instruments. 💡 How does an ETP work? #ETPs (exchange traded product) are designed to mirror an existing underlying market, such as an index, commodity or currency. Their objective is simply to mimic the performance of the underlying market and achieve a similar result. Will #Solana or #Cardano be the next ETF? https://lnkd.in/e5H2UceU

1

🚀 𝐔𝐁𝐒 𝐄𝐱𝐜𝐞𝐞𝐝𝐬 𝐄𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐅𝐢𝐫𝐬𝐭 𝐐𝐮𝐚𝐫𝐭𝐞𝐫 𝐏𝐨𝐬𝐭-𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐮𝐢𝐬𝐬𝐞 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 In a remarkable turnaround, UBS Group AG has reported a net income of $1.8 billion for the first quarter of 2024, surpassing estimates more than twofold since absorbing Credit Suisse. This marks the first profitable quarter since the historic takeover, which consolidated the two major Swiss banks. 𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 🔹 UBS's wealth management arm reported $27 billion in net new assets for Q1, a substantial increase from the previous quarter. 🔹 Gross cost savings reached $1 billion, pushing total savings from the merger to $5 billion. 🔹 The bank aims for another $1.5 billion in cost reductions by year-end. UBS's balance sheet now exceeds $1.6 trillion, sparking regulatory concerns over systemic risks. 🔹 The bank is set to repurchase up to $1 billion in shares and increase dividends by a mid-teen percentage next year. Despite challenges ahead, including integration hurdles and regulatory scrutiny, UBS remains optimistic about its capital return targets and the future of its expanded operations. #UBS #Finance #MergersAndAcquisitions #WealthManagement #BankingInnovation

2

📈 Investment Theme: ETP+ on the BX Swiss Top 30 Index - Full Participation, Added Security With a brightening economic outlook and potential interest rate cuts, Swiss shares could continue their recovery in the second half of the year. #Diversification is key, and the BX Swiss Top 30 Index offers broader exposure than the classic SMI. The 20 SMI members are joined in the index by another ten stocks. And these are certainly pack a punch: the 10 selected have delivered an average rise of 6.1% in the year to date. Explore this week's #investmenttheme and discover the benefits of the #ETP+ on the BX Swiss Top 30 Index: https://lnkd.in/dsFvvjBc #structuredproducts #etp #bxswiss

30

🌍🔍Navigating New Challenges The landscape for External Asset Managers (EAMs) in Switzerland is evolving rapidly, presenting both exciting opportunities and significant challenges. Here are the key areas where Swiss EAMs need to stay vigilant and adaptable: 1. 📜 Regulatory Oversight by FINMA: The Swiss Financial Market Supervisory Authority (FINMA) continues to tighten regulations to ensure market integrity and client protection. Swiss EAMs must stay compliant with FINMA's stringent standards and enhance trade trackability to maintain transparency and trust in the Swiss financial ecosystem. 2. 🌐 Digital Transformation: The digital revolution continues to reshape the financial sector. Swiss EAMs must invest in cutting-edge technologies to enhance client services, streamline operations, and maintain a competitive edge in a country known for its innovation. 3. 🌱Sustainability and ESG: The growing emphasis on Environmental, Social, and Governance (ESG) criteria requires Swiss EAMs to integrate sustainable practices into their investment strategies. Aligning with ESG standards is not just a trend but a necessity for future-proofing portfolios in Switzerland’s environmentally-conscious market. 4. 💼 Client Expectations: High-net-worth individuals and institutional clients in Switzerland are increasingly demanding personalized and transparent services. Building robust client relationships through bespoke solutions and clear communication is more crucial than ever in this client-centric market. 5. 📈 Market Volatility: Global economic uncertainties and market fluctuations call for agile and resilient investment strategies. Swiss EAMs need to stay ahead of the curve by leveraging advanced analytics and maintaining a proactive approach to risk management. In this dynamic environment, collaboration and continuous learning are key. By embracing change and fostering innovation, EAMs in Switzerland can turn challenges into opportunities for growth and success. #Finup #AssetManagement #Switzerland #Finance #Innovation #DigitalTransformation #ClientCentric #RiskManagement --- Feel free to connect and share your thoughts on how Swiss EAMs can best navigate these challenges! Let's drive the future of asset management together. 🚀

2

⭐ The Week in ETFs at a Glance ⭐ 🤝 Strategic Partnerships: Franklin Templeton has teamed up with Trade Republic and justTRADE - JT Technologies GmbH to offer its entire ETF range on these Neobrokers’ German and Austrian platforms. Amundi has partnered with Scalable Capital to feature its ETFs on Scalable’s German platform. WisdomTree has partnered with Moneyfarm to provide thematic and commodity ETPs on its Italian brokerage platform. None of this is surprising when you look at the growth of online platforms in Europe, especially Germany, the poster child of retail ETF adoption. 📈 Market Growth: New analysis from our friends at Trackinsight reveals that Investors in the US are flocking to options-based ETFs. This segment of the ETF market in the U.S. has now close to 450 ETFs with a combined AUM of $136 billion. Over the past year, investors added $47 billion to these ETFs. 🗒 Noteworthy: According to research from Strategas ETF Research, Active ETFs saw more than $120 billion in flow in the first half of this year in the US. 💴 Salary Trends: With $100k, you can typically hire someone with up to 3 years of experience. This benchmark is now being challenged as mid-ranking operations roles also fall within this salary bracket. To get the full story straight to your inbox, sign up for The Week in ETFs: https://shorturl.at/M7Cb8

18

2 Kommentare

Understanding External Asset Managers and Private Banks in Switzerland Switzerland is renowned for its robust financial sector, particularly its private banking and wealth management services. Among the various players in this field are External Asset Managers (EAMs) and private banks. While both serve the purpose of managing assets and providing financial advice, they operate differently and offer distinct advantages. Here’s a detailed look at what differentiates External Asset Managers from private banks and the benefits they bring to clients. What are External Asset Managers? External Asset Managers (EAMs) are independent financial advisors who manage clients' assets. Unlike private banks, which are part of a larger banking institution, EAMs operate independently. They partner with various banks to offer their clients tailored investment solutions without being tied to any single institution’s products or services. Key Differences Between EAMs and Private Banks: Independence: 🔹EAMs: Independent, offering unbiased advice and a wide range of products. 🔹Private Banks: Tied to their own products, possibly limiting options. Client Relationships: 🔹EAMs: Provide personalized, long-term service. 🔹Private Banks: May offer more standardized service due to larger client bases. Flexibility & Cost: 🔹EAMs: Flexible strategies and transparent fee structures. 🔹Private Banks: Fees can include various charges, sometimes less transparent. Advantages of EAMs: 🔹Unbiased advice 🔹Access to multiple banks 🔹Customized solutions 🔹Transparent fees 🔹Specialized expertise 🔹Strong client relationships Conclusion Both External Asset Managers and private banks play crucial roles in Switzerland's financial ecosystem, offering unique benefits. EAMs stand out for their independence, personalized service, and ability to provide unbiased, flexible, and transparent asset management. For clients seeking a more tailored and impartial approach to wealth management, EAMs represent a compelling choice. Conversely, private banks offer the advantage of integrated services and the security of a large institution. Understanding these differences helps clients make informed decisions based on their specific needs and preferences.

1

📉 Interest rate forecast for mortgages 📉 With the recent cut in key interest rates by the Swiss National Bank (SNB) in June 2024, we are experiencing an exciting phase in the mortgage market: Saron mortgages are becoming increasingly attractive with the new key interest rate of 1.25%. However, fixed-rate mortgages also remain an interesting option due to historically low capital market rates. 📊 Our latest analysis shows: 1️⃣ Weak global demand for industrial products and the weak economy in Germany could dampen Swiss economic growth until the coming winter. 2️⃣ Given the still declining inflation, another interest rate cut by the SNB could be expected as early as autumn, which would further lower Saron rates. 3️⃣ The expectation of another rate cut could lead to a sideways trend in long-term mortgages. 🔍 Stay informed quarterly about interest rate developments and events in the mortgage and real estate market. Read the full interest rate forecast now: https://bit.ly/3L1u9ff #Mortgages #RealEstateMarket #SaronMortgage #SNB #Inflation

1

Real-Time Control: SwissComply Takes the Next Step: SwissComply is expanding its control offerings for asset managers. The company is also responding to the regulations of the Swiss Financial Market Supervisory Authority (Finma). #swisscompy #RealTimeInvestmentControlling

1

Discover the latest insights on digital investment and pension solutions in Switzerland: Are current digital offerings meeting the potential users' needs? Together with Andreas Dietrich and Dr. Tatiana Agnesens we did dive into this question.

5