Currency Asset Management
QCAM Currency Asset Management AG merges two areas of competence, which we have successfully demonstrated since 2005: Currency Management and Asset Management. With our positioning in these two growth areas we are opening up unique perspectives to our customers.
QCAM’s client base includes Pension Funds, Family Offices, Corporates, Asset Managers and NGOs.
Independent, transparent and reliable – at QCAM we live our company values every day in relations with our customers and stakeholders. We select the suitable solution for you from a wide range of products and services.
QCAM is regulated by FINMA and registered with the SEC and thus fulfills highest compliance requirements.
Experienced Currency and Asset Management specialists are here to assist you. Expect highest standards of quality and service.
08.10.2026 | Issue #132
«Fallout from the Bond Selloff»
The USD seemingly benefitted from the selloff in global government bond markets, but not uniformly. Fed repricing has peaked and a debt crisis in Europe is not imminent. Thus, we remain neutral on EURUSD but see upside potential for the JPY as the BoJ continues its normalization policy and go long the CHF as a hedge against…
Economy & Interest Rates
Global economic conditions continue to improve despite ongoing oil supply shortages and rising interest rates. Revised business sentiment figures have improved significantly over the last few months and consumers have also regained some confidence but less so. …
FX Markets
The USD DXY rallied 2.7% over the last month with all major currencies losing versus the USD except for the JPY. The performance of EM currencies was mixed with the CNH stable, gains in the BRL and the RUB and losses in the TRY and the INR. Speculative positions are modestly…
FX Analytics
There have been several position changes over the last five weeks. We changed the discretionary Macro positions to long JPY and CHF (see Insight, page 1). The JPY Macro carry model position also shifted to long JPY. In Business Sentiment, only the CHF…
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Fallout from the Bond Selloff
QCAM Monthly October 2026: «Fallout from the Bond Selloff» The USD seemingly benefitted from the selloff in global government bond markets, but not uniformly. Fed repricing has peaked and a debt crisis in Europe is not imminent. Thus, we remain neutral on EURUSD but see upside potential for the JPY as the BoJ continues its normalization policy and go long the CHF as a hedge against...
Event 17.11.2026 – Swiss Prime Credit: How Swiss Quality Enables Attractive Money Market Returns
QCAM Currency Asset Management and finews, together with Cosmofunding of Zürcher Kantonalbank, invite you to an exchange on Swiss credit quality, international money market investments and opportunities through active management. The focus will be on Swiss Prime Credit: investment-grade investments focused on Swiss counterparties and issuers, combined with full currency hedging into the respective investment currency.
FX Quick Sheets: Key Economic Data for Treasurers
Stay Ahead: Key Economic Briefing for Treasurers. In a fast-moving financial world, every basis point counts. Our «FX Quick Sheet» delivers concise, actionable insights on the latest economic data for Treasurers in Switzerland — from interest rate and currency data to shifts in the most relevant Swiss macroeconomic indicators.
#02 Underestimating the Impact of Currency on Performance
How much does currency drive performance? Exchange rates feed one-for-one into home-currency performance, which has two components: Investment return (Price and interest rate moves in local currency) + Currency return (Moves of the investment currency vs. the CHF). Given its complexity, investors sometimes underestimate the currency risk inherent in international equities, bonds and funds.