Mr. Pellizzari, since April you have headed Index Solutions at Zürcher Kantonalbank (ZKB). What does the investment universe look like?
As the second-largest provider in Switzerland, our established index funds cover all traditional asset classes of a standard asset allocation. This includes a sustainable range developed in line with the self-regulatory framework of the Asset Management Association Switzerland (AMAS), under our Responsible product line. In addition, we offer sustainable equity ETFs as well as precious metals ETFs.
ZKB, as a cantonal bank, carries a guarantee from the Canton of Zurich. Does that give Swisscanto a structural advantage over private asset managers — and how is it justified?
I don't see any direct competitive advantage. Asset management is generally a balance-sheet-light business, since assets managed on behalf of clients do not appear on the asset manager's own balance sheet. The high security of Zürcher Kantonalbank therefore plays a rather subordinate role. In my view, asset managers win market share primarily through quality, good client service, and an attractive offering.
As the largest cantonal bank, ZKB has particularly representative insight into demand trends. What are you observing right now?
