2018 Winners – Distinction
BEST PRIVATE BANK – FUND ADVISORY
Last year, Credit Suisse augmented the number of managers on its platform, reinforcing its fund platform with various thematic and alternative strategies. In a strong year for the healthcare sector, the bank delivered pioneering funds in digital health and life science, and to tap into the emerging sustainable investing space, it capitalised on smart mobility and green property strategies.
Meanwhile, alternatives — a newly integrated component to the funds platform and offering — contributed heavily to fund sales volumes in 2018. Due in large part to Credit Suisse’s concerted effort to create more visibility for its quantitative hedge fund offerings and European property strategies, alternatives made up a whopping three-quarters of funds net sales last year.
Alongside enviable sales figures, the bank also delivered robust outperformance across traditional long-only and alternative funds.
More than 80% of Credit Suisse’s focus funds — its most recommended strategies — experienced positive performance since they were onboarded to the list, with close to 60% of benchmark-oriented funds beating their respective benchmarks over the same period. In addition, fund assets in the region posted healthy year-on-year growth and an above-average penetration rate in the high teens.
With an expanded product offering backed by strong outperformance and asset growth, Credit Suisse has triumphed in a difficult year.
Credit Suisse is Asian Private Banker’s Best Private Bank – Fund Advisory for 2018.