Phil Gschwend

Senior Portfolio Manager (mixed funds and institutional mandates)

Phil Gschwend has been a Senior Portfolio Manager in Zürcher Kantonalbank's Multi-Asset Solutions team in Asset Management since 2019. He manages mixed funds as well as institutional and private multi-asset mandates. With his in-depth analysis of various asset classes, he provides valuable insights for strategic and tactical allocation. He is also a member of the Asset Management Investment Committee and is jointly responsible for tactics, particularly within equities.

Phil Gschwend began his career at Raiffeisen Bank and subsequently worked at Deloitte in the financial advisory field. He has held a Master of Science degree in Banking and Finance from the Zurich University of Applied Sciences (ZHAW) since 2019 and has been a Chartered Alternative Investment Analyst (CAIA) charterholder since 2021.

Blog posts

Beyond macro: These are our current key indicators

Bloomberg TV, CNBC, BBC and so on - newschannels explain the daily ups and downs of the stock markets depending on the latest macroeconomic signals. How important are they currently for stockmarket forecasts? And what are we looking at?

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Final interest rate increase – and then?

The US Federal Reserve’s historically most aggressive interest rate hike period is coming to an end. We take a retrospective glance and look at the implications after the respective final interest rate increases on the equity and bond markets.

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Say goodbye to TINA and hello to TARA

We say farewell to TINA – There Is No Alternative. TINA had been a reliable partner in recent years - always supporting the stock markets. Now we say hello to TARA – There Are Real Alternatives. Does TARA offer reliable prospects?

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Mixed Swiss portfolio during inflation: is there a threat of a «lost decade»?

High inflation brings rising interest rates – with equities and bonds going down together. How does a mixed Swiss portfolio behave during phases like this? We have examined a mixed Swiss portfolio spanning a period of 100 years.

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