One discipline. Two mandates.

Preserving purchasing power is the core. WorldView offers two solutions: the Real Return Mandate for all audiences and a portfolio with an integrated inflation objective specifically for pension funds. The discipline is the same: optimisation against loss of purchasing power, not against a nominal benchmark.

Two clear solutions for preserving purchasing power

WorldView works from one discipline: steering on real return and protection against erosion of purchasing power. The application differs by organisation and portfolio.

Solution 1

Real Return Mandate

A full asset management mandate with an explicit CPI+ target. Suitable for pension funds, family offices and ANBI's that want to steer the portfolio directly on real return.

Objective
Return above inflation
Implementation
Direct investments and index products
  • SAA, TAA, risk management and reporting in one mandate.
  • No fund-of-funds and no layered product structure.
  • Portfolio construction based on real risk, not nominal volatility alone.
Solution 2

Portfolio with integrated inflation objective

For institutional clients that wish to keep their existing portfolio but add an explicit inflation objective without unnecessarily disrupting current governance.

Audience
Larger institutional portfolios
Role
Inflation objective within existing structure
  • Explicit inflation component within the total portfolio.
  • Fits alongside existing managers, mandates and governance.
  • Suitable when a full restructuring is not desired or not required.

Not sure which route fits best? We would be glad to discuss the options for your organisation.

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Important distinction: the Real Return Mandate is a full mandate. The portfolio with integrated inflation objective is for larger institutional clients that want to add inflation protection within their existing portfolio setup.

Three audiences, one starting point

The mandate is always real: protect capital, enable pensions or spending, manage inflation risk. The context differs.

Pension funds

CPI+ mandate under the WTP. Real target pension pot as the starting point, CVaR as operational guideline, portfolio with integrated inflation objective available.

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Family Offices

CPI+ net as mandate objective. Liquid segregated account, own custodian bank, tax-efficient.

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ANBI's & endowment funds

Preserving purchasing power, annual spending justification included, ANBI rules compliance. Segregated account or fund structure.

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Optimisation against loss of purchasing power, not volatility

01

CPI as benchmark

The portfolio is optimised relative to inflation, not relative to a nominal benchmark. The objective is protection of purchasing power.

02

Mean-CVaR optimisation

Conditional Value at Risk measures maximum expected loss in the tail. A coherent risk measure for what boards fear most.

03

Weighted Risk Metric

Selects simultaneously against the probability of negative real return and the probability of missing the target. The minimum-WRM portfolio is our strategic allocation.

04

Scenario analysis

The mandate is designed for higher inflation, survives low inflation and protects capital in deflation. Three regimes, one discipline.

Which mandate fits your situation?

We would be glad to discuss the options for your organisation.