Categories
English Guide Portfolio Management

Financial situation and objectives

The understanding of your financial situation and long-term objectives (leading to the preparation of a long-term investment plan) constitutes the cornerstone of your financial future. This first step will define all your other investment decisions.

Categories
English Markets

Passive investing and investor activism

Passive investment funds such as ETFs are effectively managing a growing share of the corporate world. Vanguard and BlackRock should further develop their charter of good corporate governance practices.

Categories
English Portfolio Management

Investing in Swiss equities?

Investing in Swiss equities? The answer is yes for investors willing to gain an exposure to Swiss equities and their home currency, the Swiss franc. However, it is strongly influenced by the three largest companies: Nestlé, Novartis and Roche together account for more than half of the market value.

Categories
English Markets

Outlook of the U.S. economy for global indices

Looking at the indicators to watch out in order to avoid investing at the peak in U.S. stocks, it seems that the positive points dominate in the short and medium term, but that the problematic factors are deep and could materialize in the longer term.

Categories
English Portfolio Management

What access to Chinese bonds?

Exposure to the renminbi and the Chinese economy is to be desired (this century will be dominated economically by Asia/China and exposure to Asia/China is necessary), so the crucial question remains: what is the best way to achieve this.

Categories
English Guide

The Equity Imperative

Stocks should be a long-term investment to share in the performance of companies and reap a residual share of their profit. You shall remember that wars, pandemics, depressions, recessions, inflation and other new factors may strongly reduce your wealth temporarily, but stocks are the best way to participate in the growth of the economy.

Categories
English Markets

Interest rates: EUR and CHF (Q1 2021)

Already in March 2020, the ECB broke a taboo by allowing itself to buy more than 33% of a country’s debt for its massive asset purchase program. This removal of limits previously set in similar programs was considered by many commentators to be a risky measure for financing government deficits. Christine Lagarde had then indicated, […]

Categories
English Markets

Trading Restrictions

Promoting a stock on the social media platform Reddit does not seem to come close to criminal behavior. However, if manipulation were to be found after the fact, the damage could hardly be compensated

Categories
English Markets

High frequency trading in Switzerland

Using intelligent algorithms, a state-of-the-art infrastructure connected to exchanges and enormous computing capacities, high-frequency trading companies exploit tiny price differences in fractions of a second to gain an advantage over other market players and reap the profits

Categories
English Non classé Portfolio Management

Investing in the spring of 2021

Prices have reached an unreasonable level at least in the U.S. and in some industries and sectors such as information technology (computers, semiconductors) and green technology where fundamentals no longer seem to matter and P/E ratios are often above 30. In other markets, Swiss, emerging or European, prices, although quite high, remain more reasonable.