Grüner Fisher Investments – Ein Überblick über die Investitionen

Grüner Fisher Investments ist ein Anbieter von nachhaltigen Anlageprodukten, die sich auf die Förderung von Umweltschutz und sozialem Wandel konzentrieren.

Sie bieten eine breite Palette von Fonds und Portfolios an, die sich auf verschiedene Aspekte der Nachhaltigkeit konzentrieren, wie zum Beispiel die Förderung von erneuerbaren Energien oder die Reduzierung von Treibhausgasemissionen.

Einige ihrer Fonds konzentrieren sich auf die Förderung von sozialen und ökologischen Veränderungen in den Unternehmen, in denen sie investieren.

Grüner Fisher Investments has a rich history that dates back to 2007 when it was founded as a joint project between US billionaire Ken Fisher and Kaiserslautern entrepreneur Thomas Grüner.

The company was initially formed through Ken Fisher's acquisition of shares in Thomas Grüner's Vermögensmanagement GmbH, which was established in 1999.

Today, Grüner Fisher Investments manages a massive portfolio of around $236 billion, serving over 145,000 clients worldwide.

The company's headquarters is located in Rodenbach, a town in the German state of Rhineland-Palatinate, where it was established in 2007.

Consider reading: Ken Fisher Investments

Grüner Fisher Investments doesn't make it easy to find performance data on their website, neither in Germany nor in the US.

Analyzing the data I was able to find, the Grüner Fisher Global UI Fonds, launched in 2007, shows a similar performance trend to other investment products.

This fund is one of the few where performance data is available, but only through a thorough web search.

The Grüner Fisher Global UI Fonds is a managed fund that's distinct from their individual wealth management services.

It's unclear if investors in individual wealth management mandates have invested in the Grüner Fisher Global UI Fonds.

Performance reports for both the individual wealth management services and the Grüner Fisher Global UI Fonds show a strikingly similar performance trend.

For more insights, see: Fisher Investments Performance

In the past 16 years, Grüner Fisher has navigated three major market downturns, including the 2008 financial crisis, the 2020 coronavirus crisis, and the 2022 Ukraine and inflation crisis. The Grüner Fisher UI Fonds experienced a greater decline in value during these periods than the MSCI World and S&P 500 indices.

The Grüner Fisher UI Fonds had a larger loss in 2008, with a decline of 47.66%, compared to the MSCI World's 34.65% loss. Similarly, in 2022, the fund's loss of around 21% was significantly higher than the S&P 500 and MSCI World's losses of around 13%.

The Grüner Fisher UI Fonds' portfolio is comprised of over 80 individual positions, with a focus on single titles and a small allocation to a Japanese equity ETF. The portfolio's country allocation is as follows:

The top 7 holdings in the portfolio, excluding Tesla, account for a cumulative 24% of the total portfolio, with Apple, Microsoft, Amazon, Nvidia, Alphabet, Broadcom, and Meta being the top positions.

A unique perspective: Fisher Investments Portfolio

The costs of working with Grüner Fisher Investments GmbH can be a bit steep. The company charges a quarterly management fee, which is a primary component of the overall costs.

This fee is in addition to a performance fee of 10% of the positive returns, which is only charged when the portfolio performs well. This fee is annualized and is based on the "high watermark" principle, meaning it's only charged on the gains made since the last time the fee was charged.

Here's an interesting read: What Is Fisher Investments Transparent Fee

To give you a better idea of what to expect, let's take a look at the hypothetical costs for a 6-year period from 2018 to 2023. Assuming the performance of the individual portfolio is comparable to that of the GF UI Fonds, the costs would range from 2.08% to 3.15% per annum.

Here's a breakdown of the estimated costs for different portfolio sizes:

To put these costs into perspective, consider that a passive index fund, such as an iShares S&P 500 ETF, charges around 0.07% per annum. To match this cost, you'd need to achieve outperformance with your individual portfolio.

In the 16 years since 2007, the Grüner Fisher UI Fonds has faced three major market downturns, including the 2008 financial crisis, the 2020 coronavirus pandemic, and the 2022 Ukraine and inflation crisis.

These crises led to significant market drops, with the GF UI Fonds experiencing a larger decline in 2008, with a 47.66% loss, compared to the MSCI World's 34.65% loss.

The 2022 market downturn was also particularly harsh, with the GF UI Fonds losing around 21% of its value, while the S&P 500 and MSCI World indices lost around 13% each.

The Grüner Fisher UI Fonds has a unique portfolio composition, but its global investment approach makes it comparable to other ETFs on the MSCI World and S&P 500 indices.

Despite its impressive performance over the years, the GF UI Fonds has had to absorb larger losses during market crises, serving as a reminder that even successful investments can be affected by significant market downturns.

Grüner Fisch Investments haben sich in den letzten Jahren zu einer beliebten Anlageoption entwickelt. Many investors have been attracted to their potential for long-term growth and stability.

The Grüner Fisch strategy focuses on investing in environmentally friendly companies and projects, which has shown to be a successful approach. By doing so, investors can contribute to a more sustainable future while earning a return on their investment.

Investors can choose from a variety of Grüner Fisch investment options, including stocks, bonds, and real estate. This diversification helps to minimize risk and maximize potential returns.

One of the key benefits of Grüner Fisch investments is their potential for tax advantages. By investing in environmentally friendly projects, investors may be eligible for tax credits or deductions.

Grüner Fisch investments have shown to be a reliable option for long-term wealth creation. With a well-diversified portfolio, investors can enjoy a steady income stream and potentially achieve their financial goals.

Grüner Fisher Investments is an independent wealth management firm, founded by Thomas Grüner in 1999.

The firm has a partnership with Ken Fisher, an American billionaire whose wealth management firm in the US manages over 197 billion US dollars.

In 2020, global stocks reached new all-time highs in the first six weeks of the year, but then crashed and reached a bear market within 21 days, with a decline of over 20 percent.

For more insights, see: Stanbic Ibtc Asset Management

This was the fastest bear market in history, and it's largely attributed to the global response to the COVID-19 pandemic.

However, Grüner Fisher Investments believes that the main reason for the crash wasn't the pandemic itself, but rather the societal response to it, including widespread restrictions on the economy and society.

These restrictions effectively put the brakes on economic growth, and stock markets tend to react quickly to changes in the economy.

In this case, the markets were forced to price in the increased likelihood of a recession, which was unprecedented in its speed and severity.

The MSCI World Index, which tracks global stocks, rebounded dynamically in the second quarter of 2020, rising by 16.1 percent in euros.

A fresh viewpoint: What Is Vaneck