Vontobel reported record first-half profit and assets under management, driven by clients choosing them across segments and geographies due to their differentiated positioning in active management. The efficiency program is delivering cost discipline and operational leverage, providing strategic flexibility for organic and inorganic growth, including potential M&A.
She likes fixed income because she did not accept the argument that the 60/40 portfolio is dead after 2022; she notes that while rates can rise, fixed income still has a role in portfolios, and she sees opportunity to use volatility in the asset class.