Asset Management (ASM) takes a central position within the LLB Group. Our team possesses broad investment competence in all important investment classes. LLB Asset Management, an LLB Group company, is an active member of the Association of Independent Asset Managers in Liechtenstein. Asset Management has its own research team and, since 2000, it is GIPS certified, i. e. it adheres to a compliance standard in line with the “Global Investment Performance Standards”. The LLB’s strategy funds developed by ASM have achieved top rankings in long-term competition comparison for many years. Various awards received in 2015 again prove that with its systematic investment processes the LLB generates significant added value for its investors.
The LLB Strategy Balanced (CHF) fund was not only awarded the “German Fund Prize” at the end of January 2015 at the “14th Funds Professional Congress” in Mannheim, Germany, at the 15th Congress on 27 January 2016, for the second time it was honoured with the title “Outstanding” in the “Mixed Funds Global Multi-Asset” category. The fund is one of the three best in its class. The prize confirms that consistent good performance is attributable to the right decisions made by management.
The LLB also attained a top ranking for the third year in a row in the “FUCHS Performance Project II” in July 2015. Third place among 29 asset managers in the German-speaking region and first place among the participating banks underline the consistently good results achieved by the LLB Asset Management team. In November 2015, “GELD”, the Austrian journal for financial professionals, once again honoured an LLB fund; for the fourth time the LLB Strategy Yield (EUR) fund won an umbrella award for its good performance.
LLB investment funds
LLB Asset Management possesses outstanding investment expertise, and is consistently expanding and enhancing its knowledge. At the end of 2015, LLB funds had an invested volume of CHF 5.2 billion, continuing their five-year rise. We offer six different investment strategies ranging from “Fixed Interest” to “Equities”.
In 2015, we further refined and improved our range of funds and our analysis, which is based on quantitative value models. Among our recently launched products are two funds which, after only six months, are already posting a good performance. These are the LLB Strategy Conservative (CHF, EUR) with an attractive risk / return ratio and the LLB Alternative Strategies Global (H CHF and H EUR), a fund for alternative investments.
With the exception of five funds for large institutional investors, all LLB funds are Europe-compatible. This means they comply with the UCITS IV EU directive (Undertakings for Collective Investment in Transferable Securities Directive) with respect to transparency, tradability and risk. The reference data of every fund, such as strategy, costs and risk profile, can be simply and clearly read on the key investor document (KID). Our UCITS funds are licensed for distribution in Liechtenstein and Switzerland and, since January 2016, the majority of our funds are also licensed for public distribution in Germany and Austria.
Over 30 of our LLB funds are actively managed by experienced fund managers – at low cost. Our asset management costs are just 39 percent in comparison with Swiss competitors, and 41 percent in comparison with competitors in Western Europe. With the introduction of the new pricing model in July 2014, the LLB and Bank Linth paved the way for LLB Austria to follow suit in April 2015. In both asset management and investment advisory business, we forego distribution payments for LLB funds, and pay retrocessions for external funds fully to our clients without being requested to do so. Furthermore, we are among the first banks in Europe to make the fees for strategy funds dependent on performance, and those for bond funds dependent on the interest rate level.
The LLB Group is making targeted investments in the future. In 2015, Asset Management continued to refine its equities quant-value model and expand its range of funds concentrating on clients and markets. In addition, our investment competence center actively collaborated in developing an IT-based platform for investment advice together with Avaloq and the Swissquant group. Starting in April 2016, all LLB Group clients will benefit from an advisory concept, which enables an exceptional level of client care and portfolio monitoring, as well as ensuring compliance with regulatory standards and risk management through automated processes (see chapters “Private banking”, and “Corporate center”).