Vontobel CEO Staub Says Volatility Is a Return to Normal

The transcript discusses the Swiss asset manager's better-than-expected financial performance in 2017, highlighting significant inflows and asset growth. It covers market volatility, client perspectives, and the importance of active management. The discussion includes product strategy, market trends, and the company's growth strategy in the US, focusing on asset and wealth management. The transcript concludes with the company's M&A ambitions and financial strategy, emphasizing the potential for acquisitions and expansion.

What was the main factor driving the increase in new money for the Swiss asset manager in 2017?

• Demand for passive investment products

• Demand for actively managed products with strong risk oversight

• Decrease in interest rates

• Increase in global economic growth

How did the asset manager suggest clients view recent market volatility?

• As a sign to switch to passive management

• As a reason to withdraw investments

• As an extraordinary event

• As a normal part of investing

What is the speaker's opinion on the growth of ETFs?

• They are more popular than ever

• They are risky and less favorable compared to active management

• They are the best investment option

• They are suitable for all investors

What strategy is the company using to grow in the United States?

• Reducing their presence in the US market

• Introducing new products and increasing client management personnel

• Acquiring local competitors

• Focusing solely on passive investment products

What is the company's approach to mergers and acquisitions?

• Acquiring companies in unrelated industries

• Focusing on consolidating deals in Switzerland

• Avoiding any acquisitions

• Investing in high-risk ventures

What percentage of the company's global assets under management comes from US clients?

• 25%

• 18%

• 30%

• 10%

What is the company's key priority on the wealth management side?

• Expanding into new markets

• Reducing costs

• Consolidating deals in Switzerland

• Focusing on passive investment strategies