Context We live in extraordinary times. President Trump’s sweeping trade tariffs, announced on 2 April, have dealt a major shock to the global economy, challenging the international trade system as we know it. While followed by a stunning U-turn on 9 April, uncertainty is likely…

Will he change his mind again? César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The US/China trade war ramped up with China halting Boeing orders and Liquid Natural Gas purchases from the US. Meanwhile, America threatened port fees of USD50 per ton of cargo to…

Anthony Bailly, Head of European Equity Rothschild & Co Asset Management. Over the course of the quarter, the indecisiveness of the new Trump administration weighed on the confidence of both US consumers and businesses. The latest decisions on tariffs heightened these concerns, leading observers to…

Technology is ushering in a new generation of healthcare, supported by specialised tools that can help speed up drug discovery and treatments. Once, the world dreamed of having a pill for every ill. Today, next generation therapies are changing our perspective, making it possible to…

By Laurent Denize Global Co-CIO ODDO BHF. "Last days have shown that dislocations in the US bond market are perhaps the only lever to exert influence and pressure on the Trump administration." Equities down, credit down, dollar down…and yields up, an odd combination recently experienced…

By Frédéric Stolar, Managing Partner d’Altaroc. Private equity has historically outperformed the stock market over the past several decades.Studies by Bain & Company and Preqin, among others, underline this time and again. According to Frédéric Stolar, Managing Partner of Altaroc, this is mainly due to…

Prof. Dr. Jan Viebig, Global Co-CIO ODDO BHF AM. "That said, Germany’s reliance on American consumers remains limited—what matters far more is the free movement of goods within the European Union." Boosted by the adoption of a historic financial package that promises large-scale public investment,…

“The allure of passive asset management is retreating alongside the era of unfettered free trade and ‘globalisation’. This shifts the spotlight onto active management, thematic investing and multi-asset strategies." Pictet Research Institute, Pictet Group’s resource dedicated to researching the topics with long-term implications for investment,…

Does this signal the start of a crisis in the US bond market or even in the dollar? In mid-April, 10- and 30-year yields on US debt experienced their biggest surge since the Covid crisis. A worrying phenomenon. Normally, in times of crisis, investors seek…

Our expectation was that de-dollarisation would continue its slow progress. However, the ideological shift under a potential second Trump administration could accelerate this process. This states Mali Chivakul, Emerging Markets Economist at J. Safra Sarasin. Over the past decade, the BRICS countries have laid the…