CAPITAL MARKET STRATEGIES
Our working group analyzes the results of different capital market strategies at the asset class level.
This working group examines, how investors can systematically apply rational, evidence-based principles in portfolio management. Using the example of the perfect-foresight investor „Kassiopeia“, our experts derived three guiding principles for investment decisions:
- Equities: Focus on allocating a significant portion of wealth to stocks.
- Counter-Cyclical: Increase equity allocation in falling markets.
- Asymmetric: Maintain higher equity allocation during market recoveries than during declines.
Our group also analyzed how these principles can be applied through practical strategies such as Constant Mix, CPPI, Value Averaging, and CAPE-based rules.
Read paper:
DE Version
EN Version
The working group published the results in March 2026 in the form of this paper
Between theory and practice: Why Allocation to equities, Anticyclical action, and Asymmetric rules are crucial for optimal asset allocation
Members
Various professionals are involved in the group:
- Dr. Gunther Hahn, CFA
- Lukasz Holländer, CFA
- Simon Bühler
