Switzerland

Equities flows YTD remain negative

Underweight GBP and EUR

IM AUM falls 14% to CHF48bn

It has been hard to comprehend negative yields in Germany, let alone Greece.

An adage of equity investing during a US presidential election cycle is 'avoid healthcare'.

Range will be rolled out over next six months

'Significant eurozone reform' on the cards

Red flags

Beginning of trade wars could trigger a strong headwind

Joined the business in 2015