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    risks.

    The following risks may be materially relevant but may not always be adequately captured by the summary risk indicator and may cause additional loss: Liquidity risk, Operational risk and risks related to asset safekeeping and Concentration risk.

    glossary.

    Swiss Equities

    Harnessing investment opportunities from high-quality growth leaders 

    Switzerland is home to some of the world’s best-known brands and ranks highly for innovation and competitiveness. Our high-conviction strategy aims to uncover market leaders with superior growth prospects at reasonable valuations.

    #1

    Switzerland is Europe’s innovation leader1

    #3

    on World Economic Freedom Index2

    20 years

    Swiss equities outperformed the MSCI World and MSCI Europe from 2005 to 20253

    overview
    overview·philosophy·universe·process·key figures·investment team ·performance and data·insights·contact

    overview.

    A long history of working together, combined with sector expertise and fundamental stock picking founded on intensive company research

    Global exposure and potential to generate superior returns
    Switzerland’s high-cost environment and strong currency drive operational excellence, cost efficiency and innovation capabilities, resulting in a large number of high-quality growth companies that operate internationally.

    Stable political and economic framework
    The nation’s strong social and economic systems, combined with flexible labour rules, allow businesses to adapt quickly and manage costs efficiently across economic cycles.

    Leaders in innovation and competitiveness
    Swiss companies rank highly for these characteristics, which can drive outperformance.

    In-depth company knowledge
    Our bottom-up approach, reinforced by regular company engagement, drives high-conviction investments in market leaders. This is underpinned by expertise in complex sectors, including financials and healthcare. 

    Strong emphasis on risk-adjusted returns
    The investment team leverages its combined experience of 45+ years with the aim to deliver risk-adjusted outperformance.

    philosophy.

    Companies with leading market share and robust growth prospects at reasonable valuations tend to outperform

    Frequent management meetings forge strong convictions

    Constantly changing macroeconomic and market conditions necessitate risk awareness

    Looking beyond short-term noise for lasting value helps identify recurring winners

    • Active positioning around reporting season: Underscoring our high-conviction ideas while staying mindful of benchmark performance
    • High valuation discipline and risk management: Combining careful company valuation analysis with low-cost active trading, with the aim to lock in profits and renter postions at more attractive prices
    • A global perspective with Swissness: Pairing in-depth Swiss company knowledge with experience in both global and European equities
    • Idea generation and capital market transactions: A non-biased, pragmatic approach across the full investment universe. Investment banking experience provides an edge in evaluating IPOs and M&A deals

    universe.

    Swiss equities offer access to current themes supported by structural tailwinds.

    Dynamic structural tailwinds identification:     

    process.

    Bottom-up and top-down view to ensure desired style and sector exposures

    key figures.

    1996

    2 Sep 1996 
    Strategy inception

    12 +years

    that the two PMs have worked together

    25-40

    Holdings to underscore the high conviction approach4

    2 .5%

    Targeted tracking error5

    investment team.

    LOcom-AuthorsAM-Utterman

    Johan Utterman
    Lead Portfolio Manager
    Head of Swiss Equities
    30 years of experience

    LOcom-AuthorsAM-Wiederin.png

    Fabian Wiederin  
    Portfolio manager
    13 years of experience

    locom/_legacy/images/experts/LOcom_AuthorsAM-Ducrot

    Francois Ducrot
    Product Specialist
    11 years of experience

    loim/experts/LOcom-AuthorsAM-Jaggi

    Nicola Jäggi
    Investment Analyst
    4 years of experience

    1 Source: Europe Innovation Index based on European Innovation Scoreboard 2023, United Nations, INSEAD, Greater Zurich Area, LOIM. 
    2 Source: Fraser Institute, Lombard Odier Investment Managers. The Economic Freedom Index is based on five measures: Extent of government activity, legal system and property rights, currency stability, freedom to trade internationally, and level of regulation. 
    3 Source: LOIM, Bloomberg. Data as of 31 August 2025. For illustrative purposes only. Past performance is not a guarantee of future results.
    4 Holdings and/or allocations are subject to change. 
    5 The ex-ante tracking error is an internal target and is not part of the investment objective of the fund disclosed in the Prospectus/PPM. It is not guaranteed and may not be achieved. Ex-ante tracking error is based on risk models. Actual tracking error will vary from our model depending on market circumstances and individual stocks performance. Target relative performance is based on the ex-ante tracking error and assuming an information ratio of 0.5. The fund is not a guaranteed product, and capital may be at risk. Tax treatment depends on the individual circumstances of each investor and may change over time. Performance may also be affected by currency fluctuations. Additional information on assumptions, data, and scenario analysis is available upon request. 

    Find out more about our Swiss equity fund, including share classes.

    more information

    insights.

    A decade of LOIM Swiss Equities: stability, conviction and progress
    equitiesSwiss equities
    equitiesSwiss equities

    A decade of LOIM Swiss Equities: stability, conviction and progress

    Does the market rally reflect the risks?
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    Does the market rally reflect the risks?

    Equity markets in 2025: the great reversal
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    Portfolio diversification: bonds and beyond
    investment viewpointsAsset Management
    investment viewpointsAsset ManagementInvestment strategiesequitiesDCDBBanksSwiss equitiesAll RoadsSystematic equitiesWholesaleOfficial institutionsmulti-assetThird party asset managersConsultantsGeronne IndependantsInsuranceInstitutionalEndowmentsFund of funds

    Portfolio diversification: bonds and beyond

    Quality focus as pandemic distorts CHF credit
    investment viewpointsAsset Management
    investment viewpointsAsset ManagementAlternative risk premiafixed incomeSwiss Franc bondsconvertiblesInvestment strategiesequitiesDCDBBanksSwiss equitiesWholesalemulti-assetOfficial institutionsThird party asset managersConsultantsGeronne IndependantsInstitutionalInsuranceEndowmentsFund of funds

    Quality focus as pandemic distorts CHF credit

    Floor under markets but not under the economy
    global perspectivesAsset Management
    global perspectivesAsset Managementfixed incomeconvertiblescash strategiesInvestment strategiesequitiesAsia high convictionDCDBBanksSwiss equitiesAll RoadsalternativesPlanetary TransitionSystematic equitiesOfficial institutionsmulti-assetWholesalemacroTracker + ESGThird party asset managersConsultantsInsuranceGeronne IndependantsInstitutionalEndowmentsFund of funds

    Floor under markets but not under the economy

    Dispersion in a LUV-shaped recovery
    global perspectivesAsset Management
    global perspectivesAsset Managementfixed incomeconvertiblescash strategiesInvestment strategiesequitiesAsia high convictionDCDBBanksSwiss equitiesAll RoadsalternativesPlanetary TransitionSystematic equitiesOfficial institutionsmulti-assetWholesalemacroTracker + ESGThird party asset managersConsultantsInsuranceGeronne IndependantsInstitutionalEndowmentsFund of funds

    Dispersion in a LUV-shaped recovery

    more insights

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    Lombard Odier Fleuron

    important information.

    This document is a Corporate Communication and is intended for Professional Investors only. This document is a Corporate Communication for Professional Investors only and is not a marketing communication related to a fund, an investment product or investment services in your country. This document is not intended to provide investment, tax, accounting, professional or legal advice. This document is issued by Lombard Odier Asset Management (Europe) Limited (hereinafter the “Company”).

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