Valiant’s investment strategy for late 2025 is built around the principle of broad diversification combined with disciplined risk management. Rather than concentrating on a few high-growth segments, the bank emphasizes balanced exposure across regions and asset classes in order to reduce vulnerability to sudden market shifts. Swiss equities, for example, are held at a neutral weighting, reflecting improving trade conditions and stable domestic fundamentals, while avoiding excessive dependence on a single market environment. At the global level, strategic allocations remain intact to ensure participation in long-term growth trends, even as short-term volatility increases. Fixed-income instruments continue to play an important stabilizing role in portfolios, particularly high-quality corporate bonds and convertible securities, which offer a compromise between yield and capital protection. Real estate investments and selected commodities, including gold, are also viewed as valuable components for enhancing resilience during periods of geopolitical or financial uncertainty. Currency considerations form another pillar of the strategy. A consistent preference for Swiss franc–denominated assets helps reduce exposure to exchange-rate fluctuations and reinforces the defensive character of portfolios. At the same time, inflation developments and central-bank policies are monitored closely, allowing for tactical adjustments when conditions change. Overall, the approach seeks to combine moderate return potential with structural stability, enabling investors to remain positioned for growth while being protected against abrupt market corrections.