Investment compass – November 2020

The monthly newsletter 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.

No winter blues on the financial markets

We face a challenging winter from both a health and economic perspective. However, the financial markets are already looking further ahead.

Positioning

Taking advantage of opportunities, while keeping an eye on risks

After the exciting developments of recent weeks, we are adopting more balanced positioning in our portfolios. We aim to take advantage of investment opportunities, while keeping an eye on risks.

Where are the financial markets finding their resilience?

Market overview

Markets defy second wave of coronavirus

There has been no sign of the November blues on the markets so far – in fact, quite the opposite. The anxiety of recent months gave way to fresh optimism in early November thanks to greater clarity over the US election and the good news regarding a highly promising coronavirus vaccine. Little attention is being paid to the second wave of coronavirus and its economic fallout.

Economy

East Asia provides cause for hope

In Europe and the US, another decline in economic output is anticipated in the fourth quarter due to the rising case numbers. In contrast, East Asia seems to be over the crisis, providing a glimmer of hope for the global economy.

Model portfolios

Neutral tactical positioning of our portfolios

A positive outlook despite the second wave of coronavirus is spurring the financial markets on. Regionally, East Asia is showing potential.

Newsletter

Investment compass

Information relevant to your investment decisions. The “PostFinance house view”, complete with our position on and assessment of the financial markets and the overall economic situation.

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Investment compass compact

For independent investment decisions: concise, crystal-clear information on the financial markets and the overall economic situation.

The newsletter is aimed at customers domiciled in Switzerland. The legal information and information on the protection of personal privacy apply.