Financial Assets Management

Discretionary Portfolio Management

• Our teams of portfolio managers have numerous resources at their disposal:
  
  - extensive sources of real-time financial information
  - constant contact with market professionals
  - state-of-the-art communication systems
  - personalised management of discretionary mandates integrating the client's specific investment constraints and requirements
  - organisation into teams to ensure management continuity and rapid response



• Objectives-based portfolio management in accordance with six investment profiles:
  
  - bond: safeguarding invested capital through investments in bonds
  - conservative: seeking income while safeguarding invested capital over the medium term
  - prudent: focusing on regular returns and on increasing the capital over the medium term
  - balanced: seeking the best possible synergy between aggressive and defensive investments
  - dynamic: giving the priority to long-term capital gains
  - equity: seeking sizeable long-term capital gains in exchange for higher risk (primarily in equities)

By delegating the management of their financial assets to us, our clients obtain access to a diversified and innovative array of investment formulas, some of which are not always available to private investors.

Asset management with an alternative investment component:
Discover the Mandate with an alternative investment component (takes you to part below)

Asset management with an absolute return objective:
Discover the SYMPHONY mandate (takes you to part below)

The Mandate with an alternative investment component

An alternative to traditional asset management : alternative investments

The mandate with an alternative investment component features the inclusion of diversified funds of hedge funds (multi-manager, multi-strategy) within a portfolio also comprising traditional asset classes with the aim of improving the expected return while minimising the additional risk.

The objective of alternative investments is to achieve an absolute return, uncorrelated to traditional market indices.

In addition to having recourse to short selling and leverage to generate higher returns, alternative investment techniques seek to take advantage of market inefficiencies to generate returns.

Varied investment strategies

The hedge fund universe covers a multitude of strategies with very different risk/return profiles. This diversity of strategies enables the investor to benefit from every trend in the market (bull, bear or stable) on all the traditional classes of assets.

A personally tailored offer for private banking clients

In order to limit the risks inherent in hedge funds, BNP Paribas Private Bank has selected a range of funds of hedge funds (multi-strategy, multi-manager) adapted to each client's investment profile (a choice of six profiles is offered that take into account the desired investment horizon and levels of currency and market risk).

Do not hesitate to contact your BNP Paribas Private Bank advisor for further information.

The Symphony mandate

A new approach to portfolio management

An investor usually measures the performance of his investments according to two indicators: the performance of the equity market during its bull phases and the performance of money-market investments during bear phases.

The investment strategy applied under the Symphonymandate is adapted to the needs of our clients as it seeks to maximise the periods of positive portfolio performance relative to negative performances, while at the same time limiting the number of periods posting a strongly negative performance.

The Concept:

An appropriate strategy

The Symphony mandate seeks to achieve its performance through an approach based on a flexible, modular and opportunistic asset allocation strategy defined in the basis of economic indicators and market techniques.

Do not hesitate to contact your BNP Paribas Private Bank advisor for further information.