Construction de portefeuille : une recette pas si secrète
Quality Growth Boutique
Comment construire le portefeuille parfait ?
La construction d’un portefeuille revient en quelque sorte à préparer un plat gastronomique, associant des ingrédients de qualité dans un équilibre parfait.
Dans son article intitulé Construction de portefeuille : une recette pas si secrète, le gérant de portefeuille David Souccar explique quels sont selon nous les éléments qui permettent d’atteindre cet équilibre délicat entre risque et rendement.
Quel est donc notre secret ? Au sein de la boutique Quality Growth, nous nous concentrons sur la prévisibilité des bénéfices, la diversité des moteurs et la génération d’alpha dans un processus basé sur les valeurs de long terme qui définissent notre société.
A propos des auteurs
David Souccar
Chief Investment Officer Quality Growth, Portfolio Manager, Senior Research Analyst
Fonds apparentés
A propos des auteurs
David Souccar
Chief Investment Officer Quality Growth, Portfolio Manager, Senior Research Analyst
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WOLF! False cries lead to increased riskInsights apparentés
Quality Growth Boutique
WOLF! False cries lead to increased risk
Markets today resemble Aesop’s fable The Boy Who Cried Wolf, with many investors conditioned to dismiss risks after years of shallow, short-lived downturns and swift recoveries fueled by central bank interventions. We believe this complacency has led to higher valuations and reduced defensiveness, creating structural fragility.
Quality Growth Boutique
What we don’t know: the gap between AI hype and economic reality
Artificial intelligence (AI) may be one of the greatest technological breakthroughs, but it’s too early to tell. History shows that investment returns don’t always match innovation hype. However, we do know that economic fundamentals have not changed, which means that investments must become self-financing and deliver adequate returns to be sustainable.
Quality Growth Boutique
History often rhymes: the dot-com bubble vs today’s AI euphoria
Vontobel’s Ed Walczak is among a small number of portfolio managers active today who were also managing money during the dot-com bubble. Ed compares the two time periods and explains how having zero exposure in tech and telecom in the dot-com era, while unpopular, rewarded his investors.
Quality Growth Boutique
Perspectives mondiales des actions 2026 : promesses et risques d’un marché dominé par l’IA
Si le potentiel de l’Intelligence Artificielle reste prometteur, sa domination sur les marchés et sa dépendance au financement externe génèrent des vulnérabilités. En ciblant des opportunités dans des secteurs à croissance prévisible et résilients – au sein comme en dehors de l’écosystème IA –, nous pensons que les investisseurs pourront mieux gérer les incertitudes à venir.
Quality Growth Boutique
Beyond the AI bubble: finding predictable growth in video game stocks
Leaders in the video game industry, such as Tencent Holdings, NetEase, and Capcom, offer a distinct blend of predictability and growth through a combination of "Evergreen" titles and new game pipelines. These firms have generated recurring revenues and compounded earnings at approximately 20% annually over the past decade.
Quality Growth Boutique
Is your seatbelt fastened? Quality as a safeguard in a momentum market
AI-driven momentum trades and non-US value dominated markets in 2025. However, the sustainability of these trends remains uncertain, particularly given unproven ROI of AI investments. Amid this backdrop, quality stocks emerge as a prudent choice, offering both resilience and steady growth potential.