Investment compass – April 2021

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.

Making money with real estate

Real estate investments are a good option for small-scale investors. But they are not without risk. For this reason, the usual principles also apply to real estate: a long-term horizon and diversified portfolio pay off.

Positioning

Realizing gains on real estate investments

The markets seem to have factored in the end of the pandemic to a large extent. This means that neutral equity market positioning and the realization of gains on listed real estate funds is advisable.

We regard a sharp rise in premiums as a sign that a more cautious approach is required.

Market overview

Rising interest rates grind to a halt

The markets remain in a buoyant mood. The brighter economic outlook is driving equity markets to new record highs. Swiss real estate funds are set to surge. Despite the positive environment, the Swiss franc’s downward trend is coming to a halt.

Economy

Inflation soars

A year ago, coronavirus caused oil and commodity prices to collapse. Prices and the global economy have both since recovered, which has resulted in a rise in inflation rates year-on-year. Some emerging markets have been forced to raise key rates due to rising inflation.

Model portfolios

Tactical restraint

New drivers will have to emerge on the markets in the coming weeks. In such market phases of reorientation, it proves worthwhile to position oneself close to the investment strategy.

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.

Newsletter

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.