Perseverance is needed
Our caution towards losses on the equity markets means perseverance is still called for, but looks set to pay off over the long term just like on the bond markets.
Investment compass – September 2023
The monthly publication includes a topical editorial, our positioning including the conclusions from the analyses, a market overview of the most important asset classes, an assessment of the current economic situation in various regions, and our current model portfolios.
Investment calls for perseverance and patience.
Positioning
End in sight
An end to the cycle of rising interest rates appears to be in sight. This means the gradual reduction of our underweighted position in fixed income has paid off.
Market overview
Financial markets in thrall to monetary policy
Last month, financial markets were in thrall to speculation over the monetary policy central banks will pursue in future, resulting in volatility. However, fears of recession are still only playing a minor role.
Economy
Outlook remains cautious
Economic development continues to face strong headwinds, particularly in China and Europe.
Model portfolios
Hope for clarity
The markets hope imminent central bank decisions will provide greater clarity. However, it seems relatively clear that the cycle of rising interest rates is nearer to the end than the beginning.
“Investing with foresight” short video
In his monthly video message, our Chief Investment Officer Philipp Merkt reports on the economic and financial markets, contextualizes developments and explains what you need to know as an investor in order to make the right decisions.
Newsletter
Investment compassInformation relevant to your investment decisions. The “PostFinance market view”, complete with our position on and assessment of the financial markets and the overall economic situation.
Newsletter
Information on investingGet more from your money. Get succinct investment insights for novice and advanced investors nine times a year as part of your subscription. How to become an investment pro step by step.
The newsletter is aimed at customers domiciled in Switzerland. The legal information and information on the protection of personal privacy apply.