Investment compass – April 2025

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.

The costs of irrationality – when protectionism shakes world markets

President Trump’s hugely intensified trade war has caused major turmoil on the financial markets.

Find out more Find out more in the lead article

Any attempt to create prosperity through trade barriers contradicts everything our economic experience has taught us.

Positioning

Uncertainties remain high

Despite the temporary suspension of the announced tariffs, uncertainties are still high and continue to cloud the economic outlook. We remain cautious.

Find out more Find out more about positioning

Market overview

Huge market turmoil

The trade war instigated by the US government, followed by a surprise 90-day pause in retaliatory tariffs for around 75 countries, produced massive turmoil on the markets last month.

Find out more Find out more in the market overview

Economy

Untimely trade war

With growth currently already weak, US President Trump is stepping up the trade war.

Find out more

Model portfolios

Turbulent times

US tariff policy is weighing on the financial markets and further clouding the economic outlook. We remain cautiously positioned.

Find out more Find out more about model portfolios

“Investing with foresight” short video

Watch the video with our Head of Portfolio Management, Danilo Liloia, to find out how the financial markets have reacted to the changing US tariff policy and what the potential consequences are.

Information 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.

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