The last speaker to take to the stage was Gabriele Hartmann, fund manager at Perspektive Asset Management, to talk about how happiness can feature in stock selection.
“Most people think that outperforming the market is only possible by choosing good financial aspects, analysing the balance sheet, but this is not true,” she said. “It’s also about social factors, it’s about happiness factors that matter.”
She said there are four key factors to consider: GDP per capita, freedom to make life choices, healthy life expectancy, generosity and reliability in society. “If you take these aspects into consideration and not just focus on bottom-up stock selection, you end up with an overweight in Scandinavia, Finland and Norway, and this leads to better results, lower volatility and better returns,” she argued.