Key topics

Hybrid bonds

An attractive niche for investors

Hybrid corporate bonds offer advantages for both issuers and investors: they combine attractive returns with the stability of well-established companies. As one of the few specialists in Europe, we have been focusing on this dynamic growth segment within corporate bonds since 2010 – backed by deep expertise and active management.

The advantages at a glance

Attractive income

Hybrid bonds offer higher coupons as they can be partially countered against equity capital by companies – an advantage that directly benefits investors.

Strong issuers

We focus exclusively on high-quality companies with a solid credit rating. This is because the quality of the issuer is what counts most with subordinated bonds – and we keep a close eye on this.

Inflation protection included

Many hybrid bonds provide indirect protection against inflation: after a certain term, they switch to a variable interest rate – ensuring ongoing adjustment to the interest rate environment.

Stock option strategies

Equity + options = predictable income

By combining high-dividend equities and a systematic option overlay, we generate regular income – regardless of current market conditions.

The goal: Portfolio stability – with ongoing income, even in sideways or weak markets.

The most important advantages at a glance

Strong and steady cash flows

In addition to attractive dividends, a systematic option overlay continuously generates additional income for a solid income – regardless of the market environment.

Focus on quality stocks

Investments are made exclusively in large, established companies from the USA, Europe and Switzerland – with a strong market position, solid balance sheet and attractive growth potential.

Anti-cyclical opportunity management

Through the strategic sale of options, the portfolio acts anti-cyclically – with the opportunity to enter or exit markets in a targeted and profitable manner.

Multi-asset portfolios

More return through diversity - our multi-asset approach

Our approach combines three proven sources of income into a strong, income-oriented multi-asset strategy:

Hybrid bonds from first-class companies
Blue-chip shares and exchange-traded options for
current cash flows
Further earnings components

The result is a broad-based portfolio with a focus on regular income, stability and diversification.

The most important advantages at a glance

Hybrid bonds: More interest. More stability.

Higher income: Attractive coupons thanks to balance sheet classification as equity.
Only quality companies: The focus is on strong issuers with excellent credit quality.
Inflation protection: Many bonds automatically adjust to the interest rate environment via variable interest rates.

Equity + options: Systematic cash flows - even in sideways markets.

Strong source of income: Dividends combined with regular option premiums.
Blue chip shares: Investments in market-leading companies from the USA, Europe and Switzerland.
Think countercycliacally: Options enable targeted market entries and exits.

Alternative investments: Long-term values. Alternative sources of return.

For further portfolio diversification, we are constantly identifying new investment components that demonstrate stable development, high liquidity and low fluctuations
Conclusion: Three strategies. One goal: sustainable returns with substance.
With the DCP multi-asset solution, you combine stable sources of income with long-term growth – tailored to your investment goals.