IDENTIFYING VALUE

Ongoing Portfoliomanagement

Rebalancing - Traditional Approach

Rebalancing - Traditional Approach - customized

 

Rebalancing - Unconstrained Approach
 
 

Ongoing Portfoliomanagement

Rebalancing - Traditional Approach

Rebalancing - Traditional Approach - customized

Rebalancing - Unconstrained Approach

Buy & Sell Decisions

Ongoing Portfoliomanagement:

CHICCO refreshes rankings of portfolio holdings on a weekly basis. Stocks whose rankings have fallen from the top quintile to median, or worse, are typically sold and replaced by first quintile stocks.

Rebalancing:

In addition to the regular buy and sell decisions portfolio rebalancings are triggered based on a  valuation-driven methodology. Stocks that are still ranked in the top quintile at that time are retained while all others are sold and replaced with fresh names drawn from the new top quintile candidates.

  • In our traditional approach country module weights are reset according to the equal-weight approach while single stock weights are adjusted, depending on the number of stocks within the country module.

     
  • In our unconstrained approach country weights are adjusted to reflect the current superior relative value opportunities globally. Individual stock positions are rebalanced to an equal-weight.
 

Approved investment decisions are consequently implemented, taking liquidity and market conditions into account. 

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