Nicola Grass

Senior Portfolio Manager (mixed funds and institutional mandates)

Nicola Grass has been a Senior Portfolio Manager and Deputy Team Leader in the Multi-Asset Solutions team in Zürcher Kantonalbank's Asset Management since 2016. He manages the mixed occupational pension assets of the Swisscanto investment foundations as well as mixed institutional mandates. He is distinguished by his incisive assessment of key financial market developments, which he continuously communicates with current videos and blog posts – at present primarily on the topic of inflation and its effects as well as possible courses for action in the context of multi-asset solutions.

Nicola Grass began his career at Zürcher Kantonalbank in 2015 as a trainee in the Investment Solutions department, where he was able to get to know all aspects of private asset management. Previously, he worked in the Credit Risk department at UBS.

He holds a master's degree in economics from the University of Zurich since 2015 and has been a CFA (Chartered Financial Analyst) charterholder since 2018.

Blog posts

Tactical Asset Allocation January 2025

Only a handful of stocks are responsible for the recent price fireworks, while the rest of the market is trending downwards. Furthermore, we are cautious about the high valuation of the US equity market.

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Tactical Asset Allocation December 2024

While the dollar rally is now losing momentum, the yen should benefit from further interest rate hikes. Confidence remains high for equities and two alternative asset classes.

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Tactical Asset Allocation November 2024

The US presidential elections are of little concern to the stock markets. This is because the economy is robust and monetary and fiscal policy are expected to provide a strong tailwind.

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Equities: Exchange rates back in play

Currency fluctuations are increasing due to interest rate rises. This has a direct impact on the performance prospects of equities. How have Swiss equities and others fared so far?

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Market Minute: Weak Euro despite measures

Despite strengthening impulses during the last week, the euro remains weak. Learn more in the video from 25 July 2022.

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Check our inflation forecast – What has come to pass?

We are reviewing our inflation forecasts from 2020 to reflect the new inflation shock in the US (9.1 percent).

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Three dominant trends for the next three years

The next three years will be characterised by «de-interest», «de-globalisation» and «de-carbonisation». These three terms represent both opportunities and risks for investors. We use these opportunities and risks to derive insights for your asset allocation.

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