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There are countless companies on the market offering investors asset management services. Keeping a clear overview is challenging. We make sure that you have what you need to make informed decisions: interesting background information, detailed product descriptions, investment strategies and expert opinions. Interesting and informative.


Bericht WirtschaftRegional - Tektonische Verwerfungen

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Bericht WirtschaftRegional - Tektonische Verwerfungen

Nachdem es an den Börsen zu tektonische Verwerfungen gekommen ist, von denen keine Anlageklasse
verschont wurde, sind die täglichen Ausschläge inzwischen geringer geworden. Die Notierungen stehen teilweise deutlich über den Mitte März verzeichneten Tiefstwerten. Von «courant normal » kann aber noch keine Rede sein.


Tectonic Plate Shifts

Investment Report

Tectonic Plate Shifts

The Corona pandemic as well as the dispute between Saudi Arabia and Russia about oil production volumes triggered tectonic plate shifts on the financial markets. No asset class escaped, though the intermediate results in terms of price changes were rather varied.


Marktkommentar - Aufstieg durch die Wand der Sorgen

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Marktkommentar - Aufstieg durch die Wand der Sorgen

Bullmarkets like to climb the wall of worries» (Haussen mögen es, die Wand der Sor­gen zu erklimmen) pflegt man an den Börsen zu sagen. Diese Kletter­tour ist an vielen Märkten zu beobach­ten, und es scheint fast, als könne man das Bonmot ergänzen mit «je länger die Sorgenliste, desto einfacher der Aufstieg». 


Climbing the wall of worries

Investment Report

Climbing the wall of worries

Irrespective of the many flashpoints, equity and bond prices continued to rise throughout the third quarter. Gold in particular benefitted from this constellation. At the same time, the economy is slowing down, first and foremost because of the numerous ongoing disputes in politics.


Bergpreise

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Bergpreise

Nicht nur im Radsport werden derzeit Bergpreise gewonnen. Auch Anlegerinnen und Anleger dürfen so manchen Etappensieg in luftiger Höhe feiern. Das zweite Quartal brachte allen Anlageklassen Gewinne.


Hill Climb Trophies

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Hill Climb Trophies

What a quarter! The second three-month period bestowed gains on all asset classes. Even bonds in developed economies, which hardly anyone would have accredited with room on the upside in view of the low yields over an extended period now, managed to shine with positive results again. Adding in those achieved in the first quarter, quite handsome returns were achieved by mid-year, leading the Swiss business journal “Finanz und Wirtschaft” (Finance and Economy) to enthuse about the “best investment half-year in decades”.


Blooming

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Blooming

The first quarter saw a broadly based recovery. All asset classes contributed to an all-round positive investment return. True, the global economy is cooling down, but for the time being, a recession does not seem to be around the corner. Financial markets are oscillating between hope and fear.


Crash in instalments

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Crash in instalments

The financial markets suffered a crash in instalments during the fourth quarter, turning 2018 into one of the worst investment years since the financial crisis ten years ago. Hardly any asset class managed to deliver a positive return contribution. This was in spite of the economic environment not being so dire. Are economists blind or are exchanges exaggerating on the downside?


Kräfte sammeln für die nächste Etappe

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Kräfte sammeln für die nächste Etappe

Die vergangenen Monate verliefen an den Finanzmärkten relativ ruhig, bevor nun jüngst der erste Herbststurm aufgezogen ist. Die massgeblichen Aktienbörsen tendierten im dritten Quartal unter geringen Schwankungen seitwärts oder leicht aufwärts.


Gather strength for the next mountain stage

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Gather strength for the next mountain stage

On the surface of it, the summer months passed rather quietly. The major exchanges were trending sideways, like most of the European ones for example, or more or less upwards, such as Switzerland, Japan and the USA. A rumbling could be heard from emerging countries like Turkey and Argentina, as well as from gold that shone only faintly.


Zwischen heiter und wolkig

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Zwischen heiter und wolkig

Die vergangenen Wochen waren reich an Einflüssen über die sich die Finanzmärkte freuen oder echauffieren konnten. Zu den positiven Faktoren ist der Gipfel zwischen US-Präsident Trump und Nordkoreas Machthaber Kim Jong Un zu zählen.


Area of low pressure with occasional showers

Investment Report

Area of low pressure with occasional showers

Economically sunny, politically overcast, is a good summary of financial markets during the second quarter. In places, equities managed to recover some ground from the dive in the first quarter, whereas bond prices partially continued their slide. Gold found few friends, alternative investments attracted little attention.


Value-Aktien

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Value-Aktien

Unser nach Value-Kriterien strukturiertes Aktienportefeuille für Europa erspriesst in frischem Grün. Neu unter den am günstigsten bewerteten Titeln sind Repsol (Öl), Babcock Int., Aurubis, Meggitt (Industrie)sowie der britische Versorgungswert SSE. Im Konsumsektor ist Tate & Lyle neu dabei, aus der Finanzbranche Legal & General, Aegon, ABN Amro und Sydbank.


Trump against the Rest of the World

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Trump against the Rest of the World

The calm is over. While investors, particularly those in equities, once again relished a fair tailwind in January, February saw them being overswept by a cold front and rudely brought back to reality with a thump. International trade disputes as well as rising interest rates have put an end to the stock exchange party for the present. However, the economic environment continues to remain positive, which should help markets.


Value-Investing funktioniert nicht immer, aber immer wieder

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Value-Investing funktioniert nicht immer, aber immer wieder

Value-Investing, also der Anlagestil, der auf stark unterbewertete Aktien setzt, hatte es in den letzten Jahren schwer.


Wachsam bleiben

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Wachsam bleiben

2017 geht als guter Börsen-Jahrgang in die Geschichte ein. Aktien hatten daran einen grossen Anteil.


Aktien global

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Aktien global

Auch die fundamentalen Bewertungen sorgen für Stirnrunzeln.


A good vintage

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A good vintage

2017 will enter the history books as a good year for financial investors. Equities played a major part in this, but gold and hedge funds also managed to turn in a pleasing performance. It was by courtesy of bonds that the party was not spoiled. The economic outlook is good, supporting financial markets. Investors, however, are worried about high valuations.


Finanzmärkte zelebrieren goldenen Herbst

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Finanzmärkte zelebrieren goldenen Herbst

"Alles wird besser!", scheinen uns die Finanzmärkte zuzurufen. An den Aktienbörsten gab es im dritten Quartal jedenfalls durchwegs Kursgewinne, welche die Gesamtperformance für die ersten neun Monate an vielen Plätzen in den zweistelligen Bereich gehievt haben. Hedge Funds und Gold lagen ebenfalls in der Gunst der Investoren. In ruhigen Gewässern dümpelten die Obligationen, welche wegen den tiefen Zinsen in Schockstarre verharren.

Alles gut also? Aus wirtschaftlicher Sicht ja. Die globeale Konjunktur befindet sich in einem breit abgestützten, synchronen Aufschwung. Die Schätzungen für das Wachstum des Bruttoinlandprodukts (BIP) wurden in den meisten Ländern nach oben korrigiert. Das gilt sogar für die früheren notorischen "Langsam-Fahrer" wie Frankreich, Italien, Japan und die Schweiz. Und die gute Entwicklung dürfte anhalten.


Ticking over like a well-tuned engine

Investment Report

Ticking over like a well-tuned engine

Once again, global economic growth made for good moods on the majority of financial markets during the third quarter and this support is likely to continue. Equities, gold and hedge Funds continued to rise. However, bond performance was patchy. The specialist funds employed by us performed very well, whereas regular bonds did not pull their weight.


On occasion, a high-speed train, other times, a commuter

Investment Report

On occasion, a high-speed train, other times, a commuter

The second quarter provided investors with further profits, with Swiss and European equities cutting a particularly fine figure. We undertook some major regroupings to our Swiss and Asian equity positions and we launched a new investment product.


Into spring with vigour

Investment Report

Into spring with vigour

Better economic data and rising corporate profits helped equity markets to rake in some nice profits during the first quarter. All signals are set on go.


Facelift of long-term strategy

Investment Report

Facelift of long-term strategy

During the third quarter, beautiful fruit ripened on the financial markets, in spite of imponderables such as Brexit, bank problems, the war in Syria, an OPEC production cut, and the presidential election campaign in the USA. Even the US Fed’s decision in September to leave key interest rates unchanged triggered nothing but a shrug of the shoulders on the markets. In the US (and with it the rest of the financial world), all eyes are now focused on the December Fed meeting. For this round of talks, financial futures currently imply a probability of a mere 52% in favour of a quarter-percentage point rise in rates.


Autumn storms above the rooftops

Investment Report

Autumn storms above the rooftops

With the change of season, a cold front has also hit the exchanges. Contrary to Reinhard Mey’s song from 1972, the “autumn storms above the rooftops” in this case isn’t about love, rather the frustration of investors at the rekindling volatility and losses on financial markets. The third quarter lived up to its historically notorious reputation once again. Hardly any asset class managed to escape falling prices.


Shaken, not stirred

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Shaken, not stirred

The escalation of the Hellenic drama, as well as the wave of terrorist attacks, unsettled investors during the second quarter and gave certain markets or market segments a thorough shaking. The fundamental framework, however, has hardly changed and, apart from politically-motivated imponderables, indicates a continuation of the reasonably fair overall climatic conditions for financial investments.


GOLD – Never say never!

Investment Report

GOLD – Never say never!

Some of our interested readers may well remember our commentaries on the subject of gold from the years 2006 and 2009. At that time, we were very close to being carried away and saying “never”. But today, our Swiss and Euroland clients now find gold in their portfolios after all.


Markets climb the Wall of Worry

Investment Report

Markets climb the Wall of Worry

“Bull markets like to climb the Wall of Worry”, this well-known saying accurately describes the mood of the moment. Headlines abound in droves that are capable of spoiling the day for investors and consequently, are good reasons for every logicallythinking non-market operators’ sweeping sadness about financial markets. In spite of all this, equities have done rather well during the course of the year so far (which in its own right is again rather disconcerting to our sceptical peers). Quotes for bonds continue to rise briskly despite the thin air of the high altitudes. Only gold, silver and oil, usually sought-after assets in times of crises, were left out in the cold and are experiencing falling prices.


Financial markets defy all adversities

Investment Report

Financial markets defy all adversities

The second quarter caused a few worry lines, putting the wind-up on financial markets without much success. Particularly at the political level, there is a lot of rumbling to be heard. In the Ukraine, the annexation of the Crimean peninsula threw up high waves that have not quite subsided yet. In Eastern Ukraine, the bloody power struggle between pro-Russian and pro-Western forces continues, keeping financial markets under latent strain. With the Syrian conflict having expanded into the southerly neighbour Iraq, and the aggressively and expansively-acting Isis, a worrying component has been added, further fanning the flames of the Middle Eastern wildfires. With the declaration of a new caliphate whose head, according to the current definition, has claim on the leadership of all Moslems, developments took on a new, dangerous dimension.