Kieger is an independent asset manager that designs solutions for clients who care about making a positive difference, towards a more sustainable world.
To care is deeply engrained in our origins. For us, caring is an all-encompassing spirit, capturing the thought and attention that we give to both our clients, and to the world at large. It is an expression of our continuous strive to make a positive difference through everything we do. In our mind, care is also about the rigour, thoroughness and sharpness we apply to our work, resulting in holistic solutions for our clients that truly move everyone involved forward.
We call it “dare to care”.
At Kieger, we are generous in thought and action. We see generosity as a noble cause, and one central to who we are and how we behave. In our view, being generous means giving our clients the attention and dedication they need to navigate the complexity of investment. Being generous is also about caring for our world and for our society – about building a better future for the next generations. Our generosity towards our employees creates an environment in which people feel safe, enabling collaborative work so as to achieve the best solutions for our clients.
We go beyond helping our clients generate positive differences in monetary terms. At Kieger, we take our responsibility very seriously. Together with our clients, we strive to make a positive difference on society at large. We make a positive difference on our clients’ future, enabling them to live in a better world and, in turn, to do good with their wealth that we help grow safely. Making a positive difference is first and foremost a mindset for everyone at Kieger: how to impact the future of our world and how we, as investment manager, can play a role in making it a better place.
We place the utmost importance on servicing our clients efficiently and swiftly, sharing our unique expertise with them. We strive to be more than smart professionals. We aim to be truly thorough in everything we do and the sharpness, depth and rigour that we apply to our work can hopefully be felt by everyone we engage with – both internally and externally. Each of our areas of expertise is managed by specialists with long- standing experience and deep knowledge. The collaboration between our teams leverages this knowledge and provides our clients with holistic investment solutions.
Healthcare is a dynamic sector with strong, unique long-term drivers and proven resilience to economic volatility. Thanks to in-depth knowledge and experience across all the different subsectors, Kieger has established itself as a holistic specialist Healthcare asset manager.
Sustainability is of paramount importance to Kieger. We integrate ESG criteria into our financial analysis so as to minimise downside risks, maximise upside potential and, more generally, address social and environmental changes that are reshaping the planet. It is our way of contributing to a brighter future for all.
Kieger is a long-standing investor in «Mittelstand» companies, as well as leading Private Equity funds worldwide. We also manage one of the first Private Equity fund of funds dedicated to Healthcare.
Kieger designs and manages diversified Multi Asset portfolios utilising a broad range of asset classes and thematic investment products. Our seasoned team has a long track record in selecting managers to implement innovative strategies with our global partners.
In April, Healthcare rebounded after a subdued Q1, with the MSCI World Healthcare NR Index gaining 3.8% during the month. The MSCI World NR Index increased 4.7%. Re-opening/cyclical sectors suffered a temporary sharp selloff during the month. 10-year Treasury yields also backed down (from a peak of 1.74% at March-end to 1.64% today), potentially indicating some risk that it is too early to sound the all-clear on COVID-19.
Global equity markets remained volatile throughout the month due to news surrounding re-opening of economies, upward moving Treasury rates, fears of new COVID-19 waves and political/medical interfering with AstraZeneca’s vaccine. The MSCI World Healthcare NR Index gained 2.5% in March, while the MSCI World NR Index rose 3.3.
The MSCI World Healthcare NR Index returned -2.7% in February, while the MSCI World NR Index rose 2.6%. During the last week of the month, many sectors took a hit because of rising 10-year Treasury rates (now at their highest levels in a year), enhancing on one hand the attractiveness of bonds vs. Equities and on the other hand propelling cyclical stocks.