Model portfolios – Swiss focus: Tactical restraint

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The focus of the financial markets in recent months has been on the end of the Corona crisis. Now, however, the imminent end of the Corona crisis seems to be priced in more and more clearly. New drivers will therefore have to emerge on the markets in the coming weeks. In such market phases of reorientation, it is advisable to position oneself close to the investment strategy and to exercise tactical restraint. For this reason, we are maintaining our neutral equity market positioning, whereby we estimate the profit potential in the short term for the American and British markets to be higher than for Japanese and European stocks. At the same time, we recommend taking profits on indexed Swiss real estate investments. These have recently reached new highs.