Select a region
Independent investment consultancy Asset Risk Consultants (ARC) has launched four Swiss Franc denominated private client indices.
Building on the success of the Sterling, Euro and US Dollar private client indices (PCIs), the Swiss Franc PCI's are designed to be used as investment performance yardsticks by investors and are based on the actual returns being delivered to private clients by discretionary portfolio managers.
The Swiss indices have been launched with over 20 contributors, providing thousands of real portfolio performance figures, representing a range of different sizes and styles of manager. The new indices have been collated with more than ten years’ historic data back to December 2003, matching the existing three PCI currencies.
"This underlines the strength of the PCI series as the leading peer group yardstick for the private client investment management industry," said Daniel Hurdley, Director of Research at ARC. "Adding the Swiss PCI to the suite of our risk-based peer group indices, will allow those trustees and intermediaries to place performance of Swiss portfolios against a suitable peer group."
Originally launched in 2006, the indices are based on real performance numbers supplied by participating investment managers. Each provides ARC with the performance figures of the portfolios which they manage on an anonymous basis, which allows ARC to ascertain the ‘average’ of each manager.
There are four indices in each currency representing four different risk appetites: ARC Cautious PCI, ARC Balanced Asset PCI, ARC Growth PCI and ARC Equity Risk PCI.
Graham Harrison, ARC Group Managing Director, said: “What people like about the indices is that they are based on the actual returns that investment managers are producing for real private client portfolios. There are no pre-set asset allocations, no asset class restrictions, no concentration limits and no index performances are used. Philosophically, we believe that indices should be a free good at the point of consumption. Therefore ARC does not charge for usage of the PCI by wealth advisers, trustees or private clients.”
