Asset Management

Index of Articles
Financial Asset Management
SKILLS: What do we do well?
EXPERIENCE: What have we done?
How we operate and how you can contact us

Identification of the market context:

we have learned how to set our own parameters to determine objectively the kind of market in which we are immersed and the trend for the next 6 - 12 months: "bull", "non- defined" or "bear". We have eliminated from our system the subjectivism and "feelings" so that we can determine where we really are. This objective determination in the Context of the Market is, at all times, the basis for our decisions on the allocation of resources ("Asset Allocation") between fixed-income investments and equity investments.

Fixed income:

we only operate with Corporate Bonds of companies listed on the stock exchange and rated by S&P or Moody's and that allow us to carry out a thorough examination of their business via the Internet. We are not interested in any other type of Bonds (for example: Treasury and Sovereign, Municipal, Community, etc.) or of Companies that do not have their own rating i.e. privately owned.

Equity:

we ONLY deal with Equity Mutual Funds and ETFs that are very specific to an industrial sector (GICS) or country. We do not consider other types of equity investment instruments, such as Hedge Funds, derivatives, etc.

Research and Development of ACN's portfolios:

several years ago, we developed our own portfolio models and patiently experimented with them. This allowed us to observe their evolution and identification of lessons learned and gradually we developed our own Protocol that we adapt and update at the end of each year. In 1996, with the assistance of our Andorran bankers (Crèdit Andorrà), we proceeded to the dynamic management of these portfolios. This is how our research and development portfolios were built. These portfolios have been tested and proven successful, not only in the context of "bull" market years, but also in the early identification of the global banking crisis of 2008 and 2009 and the crisis of confidence in public finances in early 2010. Our work has led these research and development portfolios to produce good yields regardless of the market context.

Our portfolios are, and will remain, the property of our clients. At ACN we only sell advice and recommendations based on what we observe in the markets and in the portfolios we advise on.

Pre-picking of Investments:

we use computer applications and the most advanced software to make the initial identification and selection of candidates to invest in, whether this concerns the selection of possible Bond purchases or Equity investment funds. In our case, these methods are only the starting point, although we recognize that they tend to be the "finishing point" for most banks and financial institutions. Before reaching a final decision on buying or selling, we assess these candidates individually, by conducting a thorough Business Review.

Business Review:

for many years we had the responsibility of Senior Management for a large number of companies scattered all over the world. We are experienced in Reviewing Businesses (Companies) in all types of markets. After doing this work for many years, we have developed the instincts and reflexes required for carrying out these reviews successfully. Consequently, prior to the final phase or "purchase / sale", we subject all the Companies or Investments selected in our Pre-picking to this individual analysis process.