Bellecapital

Bellecapital

Wealth Management Services

Sound and innovative asset management for wealthy individuals and family offices.

Bellecapital aims to create added value for its clients and partners by offering sound and innovative asset management. Our advisors and financial market specialists have many years of professional experience in their respective special fields and are all shareholders of Bellecapital. Today, Bellecapital has a total of roughly 3 billion Swiss Francs of assets under management. Our international clients are wealthy individuals and family offices.

Investment Philosophy

Direct investors with a long-term investment horizon.

We are direct investors and operate free of benchmarks to optimize risk management and a long-term investment approach.

We are direct investors and operate free of benchmarks to optimize risk management and a long-term investment approach.

Direct investments

We invest directly in equities, bonds, commodities and specific ETFs where warranted. This allows us to implement our strategy in a precise and cost efficient way while avoiding unpredictable operational risks for our clients.

Free of benchmarks

We are performance oriented in an absolute and not relative sense and are therefore not geared to some random “benchmark”. This allows us to decisively reduce our portfolio risk where necessary, to protect long-term performance.

Decisive implementation of investment strategy

Market inefficiencies do exist and can be identified through sound analysis. Early detection of global, regional and local trends leads us to our sustained and investable themes.

Focus on the long-term

Our personal relationship with the client is characterised by professionalism and continuity. The clients and their individual requirements are pivotal to us. We do not act on our own authority but carefully define the investment strategy and its implementation together with the client. Full transparency is provided with regard to the cost structure and the investments made. Capital preservation is as important to us as capital enhancement. Thus, we can not imagine asset management without an adequate and independent risk management, based on careful diversification and determined action.

Team

Our personal relationship with the client is characterised by professionalism and continuity.

Investment Process

A structured process with economic cycles at its core.

Three factors are crucial for the creation of added-value in a portfolio: macro economic analyses, security selection and market timing.

Three factors are crucial for the creation of added-value in a portfolio: macro economic analyses, security selection and market timing.

Investment Process

Research

We combine “top down” with a “bottom up” investment selection and profound convictions which are reflected in our investment themes. We take great care to benefit from diversification on all levels: regions, industries, company size, long-term themes as well as short-term opportunities.

Macroeconomic Analysis (Top-Down)

Dr. Martin Jetzer leads our investment process. The macroeconomic analysis is based on long-term economic cycles and is condensed into specific investment themes by combining regions, sectors and styles.

Creative Chaos

In addition to our macro-driven approach, we are always on the lookout for interesting companies with unique profiles. To this end, our professionals are in constant contact with industry experts, company analysts and investors around the globe.

Defining & Screening (Bottom up)

Once investment themes have been defined, we will screen the best fitting securities from a bottom-up perspective. Our bottom-up analysis is based on qualitative and quantitative models. Our aim is to pick the best single securities that match our investment themes.

Portfolio Management

Before being implemented into the portfolio, each stock must have a fully formulated investment case. We constantly monitor the portfolios’ development, optimize allocations, hedge unwanted risks and shift single positions.

Bellecaptial Portfolio

We have decided views on market trends reflected in our asset allocation and comprising the following asset classes: liquidity, equities, bonds, commodities and currencies.

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News & Publications

Our voice in the press.

News & Publications

Our voice in the press.

Swiss asset boutique hires trio for UK growth after Investec deal

January 2016
Swiss asset manager Bellecapital is expanding its London business after an agreement to acquire Williams de Broë’s Private Investment Management arm from Investec Wealth & Investment.

Swiss wealth manager plans to set up shop in London

September 2014
Bellecapital, a Swiss private asset management company providing global investment management services to wealthy individuals, families and endowments and run by former HSBC-Guyerzeller and Barclays people, plans to open a London operation shortly.

Sell in May and go away?

June 2014
A look at the market by Martin Jetzer, chief economist and responsible for the investment process of Bellecapital.

Ultimately a good year for equities

April 2012
Seven questions for Martin Jetzer, chief economist and responsible for the investment process of Bellecapital AG in Zurich.

Is it time to buy bank shares now?

March 2012
Are the investors on the brink of a new stock market rally? Martin Jetzer, economist and chief strategist of Bellecapital, makes a statement.

Mark Eberle: «U.S. customers remain a source of growth.»

September 2011
Some Swiss banks have preferred to turn away from the United States. In reality, the potential of US customers remains significant.

“We’ve been favoring the US for some time now.”

July 2011
The US Federal Reserve’s quantitative easing program has expired. What consequences will that have for investors?

Bellecapital: Starting shot fired for SEC registration

April 2011
We believes that the business with US clients offers significant potential.

Changes in global Privat Banking

Januar 2011
Bellecapital leading new trends in Swiss Asset Management.

The Big Picture

Januar 2011
A few weeks ago we received a mandate from Pictet & Cie, one of the largest private banks in the world, to manage a strategy fund for them. Why have we raised equity allocation? And what do we see for 2011?

Favour stocks over bonds!

November 2010
Interview with "Finanz und Wirtschaft", Switzerland’s leading financial paper, Dr. Martin Jetzer, Bellecapital’s Chief Investment Strategist.

Our Product is Our Performance

September 2010
In the world of Swiss Private Banking, new business models for the future are emerging. Bellecapital is an example.

Microsoft, Apple und Co. sind die neuen Banken

September 2010
Bis vor kurzem war es für Technologieunternehmen rufschädigend, Dividenden zu zahlen. Wer seinen Aktionären auf diese Weise Geld zurückgab, galt in der Branche als ambitionsloser Versager.

Eine Bankengründungswelle rollt übers Land

Juli 2010
Wer hätte das gedacht? Mitten im Abgesang auf den Schweizer Finanzplatz offenbart sich eine ganz andere Realität.

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Contact

Bellecapital AG
Bellevueplatz 5
CH-8001 Zürich

Main+ 41 44 268 11 00
Fax+ 41 44 268 11 01
Mailinfo@bellecapital.ch

Copyright © 2015 · Bellecapital AG ist in der Schweiz als Vermögensverwaltungsgesellschaft registriert. Sie ist Mitglied des Verbandes Schweizerischen Vermögensverwalter VSV. Diese Webseiten sind nicht zur Nutzung durch Personen in Ländern bestimmt, in denen (wegen der Staatsangehörigkeit der Person, ihrem Wohnsitz oder aus sonstigen Gründen oder wegen der nationalen oder rechtlichen Zuordnung der Geschäftstätigkeit von Bellecapital AG) die Veröffentlichung oder Bereitstellung von Webseiten der Bellecapital AG verboten oder auf andere Weise eingeschränkt ist. Sollte durch Benutzung der Website der Bellecapital AG ein Rechtsverhältnis zwischen dem Benutzer und der Bellecapital AG entstehen, so untersteht dieses dem schweizerischen Recht.

Terms of Use

The information on this page has been approved by Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. (“we” and “us”). Your use of this website is subject to your agreement to the following terms and conditions. Access to information on this website may be restricted by laws and regulations applicable to you or your location. Persons in respect of whom such prohibitions apply must not access this website. By continuing to access this website, you acknowledge your acceptance of these terms:

1. Information

The information and material on this website are provided for information purposes only and are not to be used or considered to be an offer or solicitation to buy, sell or subscribe to any securities or other financial instrument or investment.

2. No Investment Advice

Nothing on this website shall be considered to be providing investment advice to you. Specifically, any information contained on these pages does not constitute our investment policy or an investment recommendation, but merely the different assumptions, views and analytical methods of those who prepared it. The information, opinions and estimates expressed herein reflect a judgment as of its original publication date and are subject to change without notice. We do not intend to provide investment or other advice to you or any other party via this website, and no information or material available through our web site should be relied upon for the purpose of making or communicating investment or other decisions. Your access of this website does not result in us agreeing to be your investment adviser. We shall have no responsibility to provide you with investment advice until such time as we enter into a written agreement to provide such advice.

3. No Offer

No information or opinion whatsoever expressed in this web site should be construed as a solicitation, an offer or recommendation to acquire, sell or dispose of any investment or to engage in any other transaction. None of the investments referred to in this web site are available, and prospectuses in respect of them will not be distributed, to persons resident in any country, state or jurisdiction where such distribution would be contradictory to local law or regulation.

4. No Warranty

Although we attempt to ensure that the information on this website is accurate and complete at the time of publication and has been obtained from sources believed to be reliable, no warranty expressed or implied is made to its accuracy, reliability, actuality and completeness by us. We accept no liability for any loss or damage (including, without limitation, any loss of profit or any other direct or indirect damage) arising from any use made of information contained in this web site. Opinions and any other contents on the site are subject to change without notice.

5. Investment Performance

The information on this website does not take into consideration the specific investment objectives, financial situation or particular needs of any person that enters into a relationship Bellecapital AG, Bellecapital International AG or Bellecapital UK Ltd. The value and income of any investment and the income they generate may decrease or increase. The market value of securities or financial instruments may be affected by changes in economic, financial or political factors, time to maturity, market conditions and volatility, or the credit quality of any issuer or reference issuer. Investors may not recover the amount invested. Foreign currency rates may have a positive or adverse effect on the value, price or income of any security or related investment. Many factors may affect the value of an investment, and accordingly, investors effectively assume all risks and may receive back less than they had originally invested. Past performance should not be taken as an indication or guarantee of future performance and no representation or warranty, expressed or implied, is made by Bellecapital AG, Bellecapital International AG or Bellecapital UK Ltd. regarding future performance.

6. Local Law Restrictions

This website and its pages are not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of, or located in, any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.

7. Copyright and Reproduction Notice

All material available on this website, unless otherwise specifically indicated, is subject to copyright with all rights reserved by Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd.. The material is freely usable for browsing purposes only and requires express mention of Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. in the event the material or any part thereof, is reproduced in any form, written or electronic. Additionally, any re-publication of this material requires the express written consent of Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd..

8. Tradename

Bellecapital is a tradename and service mark used by Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. under license.

Privacy Policy

The websites www.bellecapital.com, www.bellecapital.ch and www.bellecapital.co.uk are owned and maintained by Bellecapital Holding AG, Bellevueplatz 5, 8001 Zurich, Switzerland. The website www.bellecapital.ch is owned and maintained by Bellecapital AG, Bellevueplatz 5, 8001 Zurich, Switzerland. The website www.bellecapital.com is owned and maintained by Bellecapital International AG, Limmatquai 1, 8001 Zurich, Switzerland. The website www.bellecapital.co.uk is owned and maintained by Bellecapital UK Ltd., 42 Berkeley Square, London W1J 5AW, United Kingdom. These websites are collectively referred to in this policy as the “Websites”. The Websites provide information relating to the services of Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. for prospective and current clients. In the course of your use of the Websites, Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. may obtain personal information about you. This policy describes the types of personal information that may be collected about you in connection with your use of the Websites:

“Cookies” are small text files that may be placed on your Web browser when you visit the Websites or when you view advertisements placed on other websites by Bellecapital AG, Bellecapital International AG or Bellecapital UK Ltd. The information derived from cookies is used for administrative purposes to help Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. gauge the effectiveness of its advertising efforts and to improve your experience with the Websites. For example, this information may help authenticate you (i.e., verify that you are who you say you are). Cookies also make it easier for you to navigate the Websites by, among other things, “remembering” your identity so that you do not have to input your password multiple times as you move between pages or services. Cookies also may be used to serve you advertisements when you visit websites of third parties with whom Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. may have marketing relationships. You can set your Web browser to inform you when cookies are set, or to prevent cookies from being set. However, if you decline to use cookies, you may experience reduced functionality. The Websites use cookies that last indefinitely. If you do not wish to have a cookie stored in your computer, you should disable them in your browser’s security options.

“Clickstream” data (e.g., information regarding which of our web pages you access, the frequency of such access, and your product and service preferences) may be collected by Bellecapital AG, Bellecapital International AG or Bellecapital UK Ltd. itself, or by its service providers, using cookies, Web beacons, page tags, or similar tools that are set when you visit the Websites or when you view an advertisement that Bellecapital AG, Bellecapital International AG or Bellecapital UK Ltd. has placed on another website. Clickstream data and similar information may be shared internally within Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. and used: for administrative purposes; to assess the usage, value and performance of online products and services; to improve your experience with the Websites; and as otherwise permitted by applicable law or regulation. This information may be processed by Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. for the purposes described above, or by third parties on behalf of Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. When you visit the Websites, your browser may be momentarily directed to the website of an ad server or other third party service provider. This re-direction process will not be apparent to you. These third party websites automatically receive your IP address when this happens, and they may also collect information from your interaction with the Websites including computer and connection information, standard web log information, and ad information. Such information generally does not identify you individually.

Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. may make available on its Websites third party applications such as content linking or sharing facilities. Information collected by providers of such applications is governed by their privacy policies. Following links to any other off-site pages or other web sites is at the user's own risk.

This policy provides a general statement of the ways in which Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. gather information from the use of its Websites. In connection with specific products or services offered by Bellecapital AG, Bellecapital International AG or Bellecapital UK Ltd., you may be provided with separate privacy policies or statements. This policy may be changed from time to time without notice by Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. The revised policy will be effective immediately upon posting to the Websites. This version of the policy is effective April 30, 2015. If you require further information regarding this privacy policy please contact us.