Week Ending: 28 August 2026

Switzerland CH Financial Services Industry

Asset Management

For the week ending 28 August 2026, Asset Management advanced 0.50% with 5 advancing, 5 declining, and 3 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

60 technical evidence
Index1222.83 1 week0.50% Breadth38% Members13
Country 🇨🇭 Switzerland · CH
Sector Financial Services
Universe country-listed
Price basis Adjusted weekly close

Trend architecture

Index, activity fan and structural anchors

Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.

Index Value Trend Line Fair Value Activity Lines Constructive architecture Transitional architecture Defensive architecture
Current architecture Upward Expansion 3 completed weeks in this state
Trend acceptance 7.4% Index versus Trend Line
Persistence 100% Positive across every horizon
Participation 38% 5 advancing, 5 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Build exposure selectively

The evidence is constructive, but security selection and entry discipline still matter.

60 technical evidence
out of 100
Evidence balance

Five-pillar map

Selective
Trend
73
Breadth
46
Persistence
63
Relative
29
Risk quality
99
What supports the view
  • The index remains above a constructive Trend gate.
  • Constituent trends show positive multi-horizon persistence.
What restrains conviction
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • The group is not yet delivering dependable relative outperformance.
  • Positive contribution is concentrated in a small leadership cohort.
Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view
  1. A completed weekly close below the Trend Line at 1,138.89 would weaken the constructive case.
  2. Breadth falling below 45% while the index holds up would signal narrowing leadership.
  3. A turn to negative 13 and 26-week parent-relative performance would remove the rotation edge.

This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.

Trend state and durability

Architecture, persistence and constituent regimes

The index path is tested against the underlying security-level trend evidence.

Index architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

State age3 weeks
Trend gateUp
Fan width5.15%
Fast versus slow change2.32 pts
Above 83% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.

13-week
9.4%
26-week
9.2%
39-week
8.7%
52-week
11.9%
Regime age45 weeks 52-week flips5 52-week boundary1092.35
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive46%
Coherent negative31%
Average horizon agreement96%
Positive horizon share62%
Weakening positives1
Repairing negatives1

13 constituents measured as of 28 Aug 2026. Median trend age is 22 weeks.

Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing8%1 securities
Stage 2 · Advancing62%8 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining31%4 securities
Re-acceleration watch0 Transition watch0 Relative strength leaders38% Fair Value repairs0

Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

75/100 mean confidence
Upward expansion
62% 8
Rotation up
0% 0
Deceleration
0% 0
Balance
8% 1
Rotation down
0% 0
Downward expansion
31% 4
Unresolved
0% 0

Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.

Capital rotation

Performance relative to Financial Services

Improving
Relative index 13-week relative trend Starting level
Rotation dashboard Improving

A rising relative line means this group is compounding faster than Financial Services. A falling line means capital has done better in the parent benchmark.

Relative index71.4
13-week trend69.8
4-week trend change0.66%
Weekly peer rank5 of 6
1 week
-1.1 pts relative
4 weeks
3.2 pts relative
13 weeks
1.9 pts relative
26 weeks
-2.2 pts relative
52 weeks
-8.4 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Narrow
Advancing
5
Declining
5
Unchanged
3
4-week average 48%
13-week average 53%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility11.7%
Drawdown from 52-week high0.0%
Positive weeks, last 1362%
Current directional run1 week
Turnover versus 13-week norm144%
Breadth impulse-15.4 pts
Cross-section

Return distribution

13 measured
Q1 -1.4% Median 0.0% Q3 2.1%
Average winner2.9%
Average loser-1.6%
Dispersion2.1 pts
Top-five upside share100%
Top-five capital share95%
Capital data coverage100%

Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.

Momentum cycle

30-week persistence

Positive readings show expansion. Negative readings show contraction.

Breadth cycle

Net participation

Advancers less decliners as a percentage of measured constituents.

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence
Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

0 qualified records across 13 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 PGHNPartners Group Holding AG
4.69% 2 VONNVontobel Holding AG
3.23% 3 VZNVZ Holding AG
2.40% 4 BAERJulius Bär Gruppe AG
2.12% 5 LEONLeonteq AG
1.89%

Weakest edge

13 ALPNAlpine Select AG
-2.17% 12 HBMNHBM Healthcare Investments AG
-2.10% 11 HBMNEHBM Healthcare Investments AG
-1.46% 10 BBNBellevue Group AG
-1.37% 9 NBENnebag ag
-0.76%

Constituent ledger

Industry constituents

All 13 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 PGHN Partners Group Holding AG EBS 18.97B 749.40 0.36 pts
4.69%
2 VONN Vontobel Holding AG EBS 5.11B 92.80 0.25 pts
3.23%
3 VZN VZ Holding AG EBS 7.03B 179.40 0.18 pts
2.40%
4 BAER Julius Bär Gruppe AG EBS 15.52B 76.06 0.16 pts
2.12%
5 LEON Leonteq AG EBS 362.05M 21.60 0.15 pts
1.89%
6 CPEN Castle Private Equity AG EBS 26.68M 2.76 0.00 pts
0.00%
7 GAM GAM Holding AG EBS 88.96M 0.08 0.00 pts
0.00%
8 PEHN Private Equity Holding AG EBS 146.03M 61.00 0.00 pts
0.00%
9 NBEN nebag ag EBS 59.78M 6.55 -0.06 pts
-0.76%
10 BBN Bellevue Group AG EBS 94.85M 7.18 -0.11 pts
-1.37%
11 HBMNE HBM Healthcare Investments AG EBS 1.56B 236.00 -0.11 pts
-1.46%
12 HBMN HBM Healthcare Investments AG EBS 1.53B 233.50 -0.16 pts
-2.10%
13 ALPN Alpine Select AG EBS 77.47M 9.00 -0.17 pts
-2.17%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context