Investing

Macroeconomy There is a wide divergence between strong purchasing-manager index (PMI) data for services and much weaker data for manufacturing, particularly in advanced economies. With declines in order backlogs and the increase in inventories in goods industries are pointing to an end to the economic…

Prof. Dr. Jan Viebig Global Co-CIO ODDO BHF AM. The financial markets have had to deal with a close succession of extraordinary events in recent years. We want to give our view on central questions investors are asking us frequently. 1. How will interest rates…

Luca Paolini, Chief Strategist, Pictet Asset Management said: “China's re-opening has failed to deliver a market rally, US banking sector remains jittery and inflation is proving sticky. We extend our already cautious stance by shifting more positions to neutral.” Asset Allocation: We favour bonds over…

Union Bancaire Privée The Fed has decided to be on a pause in June at 5.0%-5.25%, but the FOMC has opened the window for potential two other rate hikes over the rest of this year. According to the Fed, risks remain on the upside on…

Laurent Denize, Global Co-CIO ODDO BHF AM. Recent underperformance of European small caps It is well established by financial theory (Fama & French) and empirical observations that, over a long period, European small caps have consistently outperformed large ones. However, over the past two years,…

Generative AI has the potential to change the way we live and work and could soon redraw the landscape for investors in technology stocks. Anjali Bastianpillai, Senior Product Specialist Pictet Asset Management. Whether in the bustling streets of London's financial district or in the noisy…

Pictet Alternative Advisors (PAA), the Pictet Group’s wholly owned alternative investment business, has announced the final close of its second flagship real estate co-investment fund at USD 362m, exceeding its target size of USD 300m. The Monte Rosa Properties II fund, like its predecessor, offers…

Today, investors can no longer ignore artificial intelligence (AI) and ChatGPT's sudden breakthrough is no stranger to this. AI is on the priority list of a lot of companies from all possible sectors and many hope to make solid productivity gains with it over time.…

Frederik Ducrozet, Head of Macroeconomic Research, chez Pictet Wealth Management. The ECB is all but certain to hike its policy rates by 25bp at this week’s meeting of the Governing Council (GC), bringing the deposit rate to 3.50%, while signaling that it might have “more…

Frederik Ducrozet, Head of Macroeconomic Research, chez Pictet Wealth Management. After raising rates by 500bps at each of the past ten FOMC meetings, we expect the Fed to “skip” and keep rates unchanged this week, while retaining a hawkish bias. The risk is for a…