Fresh insights from our industry
Big-name stocks dominate global equity indices, creating hidden risks for investors. Here are strategies to mitigate concentration and volatility. Read the article on the IMD-Website or download the PDF here. Investments through passive index funds may not be as diversified as→
The following article has been published on the CAIA Website on 23 June 2025 Allocations, backdrop and historical development The assets under management in alternative assets such as private equity, infrastructure, and private debt have increased significantly over the past→
The following article has been published on CAIA Association Website. Infrastructure Allocations & Backdrop For over a decade until 2022, institutional investors were faced with low interest rates on their fixed income securities [1]. This environment made it increasingly difficult→
A recently published study by Complementa shows that large parts of the returns achieved by institutional investors and the corresponding portfolio volatility can be explained by the investment strategy. However, an investment strategy should not only be defined within an→
Swiss pension fund landscape and regulation of alternative assets The Swiss pension system is based on three-pillars. Public pension provisions in the form of a pay-as-you-go scheme (old-age and survivors’ insurance) constitute the first pillar of this pension system. The→
2023 was a volatile investment year for pension funds, characterized by geopolitical tensions and international central banks’ continuing tight monetary policy. Pension funds were able to achieve an average return of 5.2% last year. 2024 has also been going well→
Complementa AG has been supporting Zürcher Kantonalbank (ZKB) with investment reporting services since 2006 and has become an important partner of the bank. ZKB took over Complementa with effect from 26 July 2024. The bank is thereby consolidating its significant→
Emerging market equities are widespread in the portfolios of institutional investors. Over 20 years, however, the MSCI Emerging Markets has underperformed the MSCI World. The following article aims to explain reasons for this underperformance. Our analysis shows that the strength→
In 2023, the Magnificent Seven (shares of Apple, Amazon, Alphabet, Nvidia, Meta, Microsoft and Tesla) stood out due to their high performance and increasing weighting in various equity benchmarks. Index concentration has not only risen in the S&P 500 but→