Investment compass – February 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.

The strong franc poses a challenge for investors

Whenever the franc increases in value, investments in foreign currencies decline in value. However, it may still be worth diversifying into foreign investments in order to avoid cluster risks within Switzerland.

Positioning

Equity markets shake off coronavirus

The equity markets are deflecting the potential economic impact of coronavirus, going from one high to the next. This supports a cautious portfolio positioning.

Historically, an internationally diversified portfolio has proven to be the best choice.

Market overview

Coronavirus risk interpreted in different ways

Coronavirus has triggered a brief slump on the equity markets and is causing movement on the foreign exchange markets. Real estate investments are in demand all over the world, whereas the price of gold has barely responded at all.

Economy

Optimism with some big question marks

The sentiment indicators have climbed recently in the major industrial and emerging markets. However, the increasingly evident impact of coronavirus has seen this boost to optimism wane.

Model portfolios

Caution still justified

There are still no signs of the bad news about the economic impact of coronavirus coming to an end. For this reason, we advise keeping risks in your portfolio at a reduced level.

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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.