Our approach starts from one principle: long-term returns depend on three factors, with very different weightings. We give the most important one, strategic asset allocation, 60% of the weight: it is the structure of the portfolio, built before choosing any instrument.
For this reason, we devote maximum attention to each of these factors, in the correct order of priority. This is not a philosophy, but a verifiable process, which we apply methodically to every portfolio entrusted to us.