Gutmann Kapitalanlageaktiengesellschaft

Fund Company

Gutmann Kapitalanlageaktiengesellschaft - http://www.gutmann.at
 

Gutmann KAG is a provider of comprehensive investment fund solutions developing customised fund solutions for their clients both as funds open to the general public and special funds. Their fund management is based on an open architecture (Gutmann Portfolio Management Trialogue), with the core competencies of Gutmann KAG being asset allocation, fixed income, and stocks. On special themes we consult outside specialists.

Fund administration is a key component of comprehensive fund solutions and thus accounts for a significant part of the services offered by Gutmann KAG. In this field, they boast long-standing expertise which they have gained by working closely with outside asset managers and developing the open portfolio management architecture introduced in the mid-1990s. This expertise has also been instrumental in the successful collaboration on fund mandates with selected internationally recognised portfolio management experts under our direction.

Gutmann Kapitalanlageaktiengesellschaft (Gutmann KAG) is a wholly owned subsidiary of Bank Gutmann AG. The absence of any cross-holdings with other banks or industrial enterprises guarantees a high degree of independence and flexibility.  Gutmann KAG currently manages some 100 investment funds with total assets of around EUR 5.4 billion in public and special funds.

Services Offered

  • Asset allocation - the distribution of assets across different asset classes such as fixed income, equities, alternative investments, and cash holdings. The Gutmann investment strategy is best implemented through Gutmann asset management funds of funds. In managing these mandates, the Gutmann fund management employs a dual management structure. A minimum of 80 percent of the portfolio is invested within clearly defined ranges (e.g. 50-30 percent equities, 50-70 percent bonds) in a disciplined quantitative process that is guided by the latest scientific findings. The quantitative model focuses in particular on the optimisation of the risk incurred. The advantage of this process is objective selection criteria and discipline in implementation in the funds. The remaining 20 percent of the portfolio are invested where opportunities arise. Here it is sought out to benefit in particular from attractive investment options and alternative ideas. Products are selected after careful analyses, which the fund management team carries out with the support of their international research partners.
  • Fixed Income - The fixed income team manages bond funds composed of different individual securities as well as funds of funds. In bond management, their expertise is focused on European investment-grade bonds. In this segment portfolios are managed based on their assessment of interest rate trends and credit ratings. This assessment is reflected in the funds mainly by the selection of issuers and the tactical rotation of the different bond segments. Their approach is characterised by efforts to keep turnover low by anticipating developments while nonetheless exploiting opportunities and keeping portfolios diversified.  In the funds of funds segment, proprietary and outside bond funds are combined in such a way that they cover a wide segment of a client portfolio efficiently and successfully. All segments of the fixed income universe are taken into consideration.
  • Equities - Gutmann KAG’s equity fund management pursues an active, long-term investment approach that focuses on fundamentals. Taking a holistic view, they look at individual companies, their long-term development as well as their macroeconomic and political environments. Gutmann KAG regards themselves as "seekers of opportunities and generators of ideas" operating off the beaten track.  For picking investments, their own design of accounting and valuation models are used and work with a company database created specifically for this purpose.  They value periodic personal contacts with the management of companies they are exposed to. Periodic meetings with leading sector analysts are also carried out as well as attending local investor conferences.  Their aim is to not only earn the best returns possible but to do so while keeping risk within reasonable limits.  The main focus of their investment universe is on Eastern and Central Europe but they also look at opportunities arising in developed markets.
  • Independent research partners - The decisions of their fund management are underpinned by forecasts supplied by independent research experts. One of them is Horace Woody Brock, a US trends analyst who also acts as an advisor to the White House. They also receive support from Capital Economics, BCA Research and GaveKal Research – three independent research firms supplying them with macroeconomic analyses and assessments. The scientific basis for their investment decisions comes from the WU Gutmann Center for Portfolio Management at the Vienna University of Business and Economics that was founded and is sponsored financially by Bank Gutmann.

Company

Fund Name

ISIN

Currency

Inception Date

Rating

Risk

Profile

Gutmann Kapitalanlageaktiengesellschaft

Infra Plus Portfolio Dis

AT0000611199

EUR

01/12/2004

3

Low

N/A

Gutmann Kapitalanlageaktiengesellschaft

Gutmann Kag Europa Portfolio Funds

AT0000712617

EUR

01/06/2001

2

Medium

Gutmann Europa Portfolio is an equity fund that aims for high long-term capital gains.

Gutmann Kapitalanlageaktiengesellschaft

GM US Portfolio Fund T EUR Cap

AT0000712625

EUR

01/06/2001

3

Medium

N/A

Gutmann Kapitalanlageaktiengesellschaft

Prime Values Growth EUR Dis

AT0000803689

EUR

03/12/1997

5

Low

Dr. Hoeller PRIME VALUES Growth is a balanced investment fund. The fund's objective is long-term capital appreciation. According to the market situation the fund will purchase and sell instruments permitted under the Investment Fund Act and the fund regulations (securities, money market instruments, units of investment fund and financial instruments).

Gutmann Kapitalanlageaktiengesellschaft

Prime Values Growth CHF Dis

AT0000803697

CHF

03/12/1997

5

Low

Dr. Hoeller PRIME VALUES Growth is a balanced investment fund. The fund's objective is long-term capital appreciation. According to the market situation the fund will purchase and sell instruments permitted under the Investment Fund Act and the fund regulations (securities, money market instruments, units of investment fund and financial instruments).

Gutmann Kapitalanlageaktiengesellschaft

GM Aktienfonds T EUR Cap

AT0000973003

EUR

02/01/1996

3

Medium

Gutmann Aktienfonds is an equity fund that aims for high long-term capital gains.

Gutmann Kapitalanlageaktiengesellschaft

Prime Values Income EUR Dis

AT0000973029

EUR

28/12/1995

5

Medium

Dr. Hoeller PRIME VALUES Income is a balanced investment fund. The fund's objective is to generate regular income on investment as well as long-term capital appreciation. An independent ethics -committee and a team of specialists is selecting companies with high ethical standards using methods especially developed for this purpose.

Gutmann Kapitalanlageaktiengesellschaft

Prime Values Income CHF Dis

AT0000973037

CHF

28/12/1995

5

High

Dr. Hoeller PRIME VALUES Income is a balanced investment fund. The fund's objective is to generate regular income on investment as well as long-term capital appreciation. An independent ethics -committee and a team of specialists is selecting companies with high ethical standards using methods especially developed for this purpose.

Gutmann Kapitalanlageaktiengesellschaft

Gutmann Emerging Mkts Bal Portf Di

AT0000A00X95

EUR

01/06/2006

3

Medium

The Gutmann Emerging Markets Balanced Portfolio is a mixed fund oriented towards achieving high equity-type capital growth. Through a combination and active management of equities, bonds, money market securities and currencies the aim is to achieve a substantial reduction in risk (volatility). The investment objective of the fund is capital growth plus current income.

Gutmann Kapitalanlageaktiengesellschaft

Gutmann Strategie Select Cap

AT0000A0ETW6

EUR

01/09/2009

3

Medium

The fund is a mixed investment fund that aims for regular income on investments as well as long-term capital gains.