Ailing Europe
Europe cuts a miserable picture at the moment, both economically and politically. When it comes to investments in Europe, caution is advised.
Investment compass – November 2022
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.
Europe’s problems will also have an adverse impact on the Swiss economy.
Positioning
The markets are celebrating the fall in inflation in the USA
We took advantage of the rapid recovery on equity markets last month to sell off European equities. Instead, we’re bulking up our US equity allocation, while remaining restrained towards equity investments overall.
Market overview
Recovery rally after disastrous September
The equity markets made up lost ground last month, almost completely recouping the previous month’s losses. The bond markets are currently hovering around their low point for the year.
Economy
Winter recession ahead
The USA is expected to go into recession over the winter, and Europe will shortly enter one, too.
Model portfolios
Shift in regional equity market positioning
The economy, inflation and monetary policy may once again take the wind out of the sails of European equities.
“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.
The newsletter is aimed at customers domiciled in Switzerland. The legal information and information on the protection of personal privacy apply.