Fisch AM embeds ESG into research process and shows positive growth in H1 2019
Zurich based asset management boutique Fisch Asset Management continued to grow its business in the first half of the year marking its 25 anniversary as a result of further inflows and positive markets.
Assets under management (AuM) increased to CHF 10.5bn as at the end of June 2019. In addition, the business has fully integrated environmental, social & governance (ESG) criteria into its research process.
Co-CEO Juerg Sturzenegger: "ESG isn't a static theme, it's constantly in transformation. That's why our ESG committee continuously refines our approach, while also monitoring the use of ESG criteria in our research and investment processes. With a return of around 9% in the first half of the year, our sustainable convertible bond fund had a strong start to 2019."
Commenting on the business' increase in AuM to CHF 10.5bn, co-CEO Philipp Good said: "We achieved substantial inflows of new money from existing, as well as new clients, into the convertible bond, high yield and emerging market strategies over the period. The inflows into our convertible bond strategies - contrary to current market trends - illustrate that clients appreciate our many years of experience and expertise. Just as they had by the end of 2018, all of our product strategies again beat their respective benchmarks over the longer-term time horizons of three and five years as at 30 June."
Good takes an optimistic view on the second half of 2019, adding: "The low interest rate environment will likely persist, feeding demand for asset classes with higher expected returns."
