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War in Ukraine and the views of Carmignac and Shiller (Q1 2022)

One should be careful with concentrated ETFs as we have seen during this first quarter in case of ETFs focused on Russia, but also on a specific region (Eastern Europe) or on a theme (BRIC).

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Market situation for the individual investor in Q4 2021

If interest rates rise in the US in 2023 and in Europe in 2024, a decline in equity returns is likely in the medium term for developed countries and US large caps.

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English Markets

Investments in European indices

In order to avoid the overpriced European big caps, some ETFs covering Germany, England or broader capitalization seem more attractive.

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English Markets

What portfolio management in case of inflation? 

While stocks suffer in the event of extreme inflation, they still offer acceptable protection in the event of limited inflation. Make minor adjustments but do not deviate from your investment objectives.

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English Markets

Bond market, Chinese mega-techs and growth stocks (Q3 2021)

Buying a “developed world” ETF today means gaining massive exposure to highly valued growth stocks.

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Real estate prices following the pandemic in Europe and Switzerland

The demand for real assets, especially real estate, is enormous in Europe. Unless interest rates rise sharply or the economy slows down, this situation does not seem to be easing.

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Inflation, Interest Rates and Forex (Q2 2021)

Various forecasters have changed their view of the dollar and now expect a robust development rather than weakness due to a possible rise in interest rates.

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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.

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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.

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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, […]