The returns on investment portfolios are surprisingly good in the first half of 2025. Despite the so-called trade war, the majority of investment portfolios in Swiss francs are achieving a positive return. In a nutshell, it can be said that a portfolio with a positive return can be considered good. Anyone who achieved a negative return, on the other hand, should be skeptical about their asset manager.
Graphic: Yield comparison for Swiss franc investment portfolios
The chart shows the comparative figures for each portfolio category. For the different risk profiles (depending on the proportion of equities in the portfolio), it shows the maximum, minimum and median. The maximum and minimum correspond to the best and worst returns within the analyzed portfolios. The median value is the dividing line between the best 50% of the portfolio returns and the worst 50%.
Click here for the return comparison
The dispersion among asset managers remains very wide. In the first half of the year, good asset managers again achieved returns that were 5-20% better, depending on the risk class, than the unfortunately still numerous managers with mediocre skills. What is particularly striking this year are the major effects of currencies. Portfolios with a larger proportion of investments in a foreign currency are struggling.
For more details and specific assessments of your portfolios and asset managers, we will be happy to provide you with an audit report.
