Views & Convictions

Views & Convictions

Welcome to the latest edition of the Rothschild & Co Asset Management Swiss newsletter. In this month's issue, as we approach our Annual Roundtable event, we are excited to share with you the latest insights and perspectives from three of our fund managers.

During the upcoming panel discussions, set to take place in Zurich on November 20 and in Geneva on November 21, we will unveil where we see opportunities in the equity markets in 2024. We will explore how the 'higher for longer' interest rate environment may favor the value style, whether the quality approach will thrive, and which growth sectors are truly setting themselves apart from the rest.

We invite you to explore the articles below for a sneak peek into the convictions of our fund managers. We hope you find them engaging and informative as you read through them. You can register for the events below! Enjoy the reading.

Yoann Ignatiew, Fund Manager of our unbenchmarked flexible R-co Valor Fund, talks about his strategy and explains why his equity exposure stands at a 15-year low

R-co Valor was positioned rather conservatively as of the end of September, and we stuck to our risk-reduction strategy during the latest quarter. We lowered our equity allocation to a 15-year low and repositioned the fund towards stocks that are more defensive by selling down cyclicals and adding healthcare and goldmines.

Value style and the opportunities to be seized across Europeans Equities

Does the 'higher for longer' interest rate environment favors Value? Our Value strategy continues to outperform, confirming the investment case for this specific style. Anthony Bailly and Vincent Iméneura?t, fund managers, discuss the benefits and opportunities they see across the European equity markets.

?

Quality stocks outperforming the MSCI World AC NTR

Our LongRun Fund, which invests in Quality global equities, beat its benchmark in the third quarter and continues to show a strong outperformance this year. The main reason behind these solid numbers came from our investments in some technology names which were boosted by ?the potential around artificial intelligence and strong quarterly earnings.

If you are interested to hear these speakers live during our Nov 20 and Nov 21 luncheons in Zurich and Geneva, we are pleased to invite you to our annual roundtable. Join us for a thought-provoking discussion as our three Rothschild & Co's equity fund managers offer their insights and share their opinions on what lies ahead in 2024.

Register here ?? https://eu.eventscloud.com/ereg/newreg.php?eventid=200268969&


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Disclaimer

*investing involves risk, including loss of capital. To find out more about the risks associated with this fund, please refer to its prospectus, available on our?website.

The Rothschild & Co Asset Management funds (hereinafter referred to as the "Funds") presented in this document are funds governed by French law; they are approved by the FINMA for distribution to non-qualified investors in or from Switzerland. This information memorandum is not an invitation to subscribe to any of the Funds described herein; it does not replace the Fund's prospectus and is provided for information purposes only. This presentation is not an advice or a recommendation to subscribe to any Fund. Subscriptions will only be received and units, shares or units issued on the basis of the current version of the prospectus of the relevant Fund as approved by the FINMA. Any information provided in this document is provided for information purposes only and has no contractual value. Past performance is not indicative of future performance(e). Furthermore, commissions charged on the issue and redemption of units, shares or units of the Fund concerned are not included(f). Rothschild & Co Asset Management does not guarantee in any way the evolution of performance and cannot be held responsible for any decision taken on the basis of the information contained in this document. Investing in one or more units, shares or stocks of a Fund is not without risk. Rothschild & Co Asset Management recommends that subscribers request additional information, in particular regarding the suitability of the Funds' characteristics for their needs, by calling either the Funds' Representative in Switzerland as indicated below, or their usual financial advisor, or Rothschild & Co Asset Management before making an investment decision.

Rothschild & Co Bank AG (Zollikerstrasse 181 - CH-8034 Zurich - Switzerland) has obtained from the FINMA the authorisation to distribute the Funds to non-qualified investors in or from Switzerland; Rothschild & Co Bank AG is also appointed as representative (the "Representative") and paying agent in Switzerland. The Regulations or Articles of Association, the Prospectus, the Key Information Documents, the annual and semi-annual reports of the Fund for Switzerland can be obtained free of charge from the Representative in Switzerland. Investors should read the prospectus before subscribing to any units or shares of the Funds. Announcements to investors in Switzerland concerning Rothschild & Co Asset Management or the Funds will be published on the authoritative electronic platform?www.fundinfo.com?. Issue and redemption prices or net asset values with the mention "commissions excluded" will be published daily on the electronic platform?www.fundinfo.com.

Rothschild & Co Asset Management , organized under the laws of France, registered with the Trade and Companies Register of Paris RCS Paris 824 540 173. A management company licensed by the Autorité des Marchés Financiers under N° GP 17000014, having its registered office 29, avenue de Messine, 75008 Paris, France.


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