Multi-Asset | Metzler

Fundamental perspective in volatile markets

Markets are increasingly driven by short-term impulses and can react sharply. To maintain perspective, you need a clear foundation. We don’t let market sentiment dictate our decisions. Our compass is the broader economic picture, aligned with your long-term investment objectives.

Our multi-asset strategy combines independence with entrepreneurial discipline. In-house research supports investment decisions free from market conventions. Specialized teams take responsibility for your portfolio, each with clearly defined mandates.

We analyze risks and actively manage portfolios to deliver stable performance across different market environmen

Fundamental perspective in volatile markets

	Defensive	Balanced	Dynamic
Client Preference	High preference for security	Equal focus on return and security	High preference for return
Equities	35,0 %	60,0 %	75,0 %
Government Bonds	30,0 %	18,5 %	17,5 %
Alternative Investments Investments	7,5 %	7,5 %	7,5 %
Corporate Bonds	27,5 %	14,0 %	0,0 %
Expected Return**	4,5 % p. a.	4,75 % p. a.	5,0 % p. a.
Value-at-Risk (95%, 1 Yr.)*	5,25 % p. a.	7,5 % p. a.	9,0 % p. a.
SAA Equity Allocation / Duration	35 % / 2,5 Jahre	60 % / 1,4 Jahre	75 % / 1,2 Jahre
Equity Allocation Range / Duration Aktienquote / Duration	20–40 % / 1,5–3,0	35–70 % / 0,8–1,7	45–90 % / 0,3–0,7

We analyze risks and actively manage portfolios to deliver stable performance across different market environmen

At Metzler, we define banking anew. With modern technology, innovative solutions, and a customer-centric approach, we shape signature banking for the modern world.

	Defensive	Balanced	Dynamic
Client Preference	High preference for security	Equal focus on return and security	High preference for return
Equities	35,0 %	60,0 %	75,0 %
Government Bonds	30,0 %	18,5 %	17,5 %
Alternative Investments Investments	7,5 %	7,5 %	7,5 %
Corporate Bonds	27,5 %	14,0 %	0,0 %
Expected Return**	4,5 % p. a.	4,75 % p. a.	5,0 % p. a.
Value-at-Risk (95%, 1 Yr.)*	5,25 % p. a.	7,5 % p. a.	9,0 % p. a.
SAA Equity Allocation / Duration	35 % / 2,5 Jahre	60 % / 1,4 Jahre	75 % / 1,2 Jahre
Equity Allocation Range / Duration Aktienquote / Duration	20–40 % / 1,5–3,0	35–70 % / 0,8–1,7	45–90 % / 0,3–0,7

Long-term asset allocation determines investment success – not attempts to time the market in the short term.

Implementation & core strategies

Comparing three core profiles

The allocation is aligned with your risk and return objectives. We manage the allocation within defined ranges:

Source: Metzler
*Based on the overall portfolio. The achievement of target return expectations and risk metrics cannot be guaranteed or assured.

Sustainability in our multi-asset approach

We systematically incorporate environmental, social, and governance (ESG) criteria into asset allocation and individual security selection. Since 2021, our multi-asset funds have been classified as Article 8 funds under the EU Sustainable Finance Disclosure Regulation (SFDR). For special funds, we integrate sustainability requirements tailored to individual clients.

FNG Seal 2026: The Forum Nachhaltige Geldanlagen e. V. (FNG) has awarded the Metzler Multi Asset share class its highest rating of three stars. The annual assessment is conducted independently by F.I.R.S.T. e. V. and Advanced Impact Research GmbH (AIR).
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ESG-Reporting: We provide full transparency on sustainability data, rating providers, and engagement activities.
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Fundamental perspective in volatile markets

e-fundresearch Webinar – 2026 in focus: Discipline beats timing

Let's talk.

Fundamental multi-asset strategy: Discipline beats timing

Fundamental perspective in volatile markets

Key characteristics of our multi-asset strategy

Implementation as special and retail funds

e-fundresearch Webinar – 2026 in focus: Discipline beats timing

Let's talk.

Fundamental multi-asset strategy: Discipline beats timing

Key characteristics of our multi-asset strategy

Metzler on social media

Implementation & core strategies

Comparing three core profiles

Sustainability in our multi-asset approach

Let’s talk about your multi-asset allocation

Implementation as special and retail funds

Fundamental perspective in volatile markets

e-fundresearch Webinar – 2026 in focus: Discipline beats timing

Fundamental multi-asset strategy: Discipline beats timing

Fundamental perspective in volatile markets

Key characteristics of our multi-asset strategy

Strategy before timing

Independent research

Specialist approach

Rules-based protection

Modular mandates

Implementation as special and retail funds

e-fundresearch Webinar – 2026 in focus: Discipline beats timing

Fundamental multi-asset strategy: Discipline beats timing

Key characteristics of our multi-asset strategy

Strategy before timing

Independent research

Specialist approach

Rules-based protection

Modular mandates

Metzler on social media

Implementation & core strategies

Comparing three core profiles

Sustainability in our multi-asset approach

Let’s talk about your multi-asset allocation

Asset Management | Institutional Sales

Asset Management | Wholesale

Implementation as special and retail funds