Intelligence beats the crystal ball.

No one can reliably predict share prices. And that is why fund managers who work with forecasts cannot consistently beat the market. Among others, the American economist and Nobel laureate Eugene Fama demonstrated this in numerous studies. In doing so, he made himself unpopular with fund managers, because they are handsomely paid for constantly reshuffling individual securities – on the basis of their inaccurate price forecasts.

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But Fama also showed something else: it is possible to identify segments of the equity market that each have their own distinct return and risk characteristics. Specifically, Fama identified “value stocks” (shares with high balance-sheet assets) and “small caps” (shares with low market capitalisation). Here he observed above-average returns. Capital market researchers have since been able to identify two further attractive segments, namely momentum stocks (shares with historically above-average price performance) and low-risk stocks (that is, shares with low price volatility).

quirion’s investment model is based on these findings. On the one hand, we rely on extremely low-cost standard ETFs, with which we generate the return of the broad market. In addition, we use further ETFs to cover the segments mentioned above in order to optimise your portfolio.

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Our automatic rebalancing ensures that your individual portfolio continuously matches this optimal allocation.

This concept would be far too labour-intensive for the bank adviser in the branch – and so, when in doubt, they would rather quickly sell you a “hot” share tip from the press or from the bank’s own research department.

In addition, we regularly carry out a detailed review of your entire portfolio and check carefully: is the portfolio still achieving its goals, and are the weightings of the individual securities right? Are there now better products available? This way your portfolio does not stand still, but always sails with the wind – and you can sit back and relax.