▶ Our dynamic multi-asset portfolio adapts to market conditions.

The main objective of the Dufour Protect Portfolio is to generate long-term returns comparable to those of the stock market, but with significantly reduced risk of major losses—even compared to traditional balanced portfolios. The portfolio adapts flexibly to market changes, gradually reducing or increasing its equity allocation depending on market conditions, within a range of 25–75%. Additionally, bonds and stable-value assets such as precious metals, real estate, and commodities—which also offer inflation protection—are dynamically allocated. The investment process is based on fixed rules, eliminating emotional decision-making. The included chart illustrates the portfolio’s performance and adjustments in equity allocation and asset classes over the past 20 years.

Risks of equities and passively diversified portfolios are underestimated

Equities deliver the highest returns over the long term, but can lose up to 50% or more during times of crisis. To recover from such losses, a return of 100% is required, which may take many years. Even classic balanced portfolios, commonly offered by banks, robo-advisors, and savings solutions, do not offer sufficient protection in deep crises. Diversification across asset classes does not offer adequate protection during such times (e.g., the 2008 financial crisis). In years of rising inflation and interest rates, such as in 2022, portfolio losses can be even more severe, as bonds may also suffer significant losses.

How to invest?

📈 As an investor, you can invest directly in the portfolio via a certificate (purchase using the ISIN number), or—if investing more than CHF 300,000—via a discretionary portfolio management mandate (the portfolio is implemented directly in your account at a custodian bank). Feel free to contact us anytime if you have questions about implementation.