Asset managers need to specialize to provide added value to clients, Vontobel's Axel Schwarzer argues. He details the Swiss active management boutique's strategy in Asia to finews.asia-TV.
Clearly, Vontobel's Axel Schwarzer is a fan of active asset management. The strategy has led the Zurich-based firm to pursue a structure of six boutiques which operate largely independent of the wider group. The strategy soaks up more resources, Schwarzer told finews.asia-TV in an interview, but pays dividends for clients.
«We don’t want to be mainstream like passive is where everyone goes up and down at the same time, which is proven in a volatile market might not be the best thing,» he said.
«Our setup should create outperformance for the client.»
No House View
For Vontobel, active management means not having the Chief Investment Officer role that has become ubiquitous at larger asset managers and private banks. He also expects a high degree of ownership and responsibility from Vontobel's portfolio managers – and specialization.
Click here to see what Schwarzer has to say about potential acquisitions in asset management and Vontobel's strategy in Asia.
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