Portfolio February 2024

Equities have enjoyed a fine start to the year. US economic data has strengthened confidence in a “soft landing”, and inflation remains stable. In Switzerland, declining rates of inflation have even taken some of the heat out of the foreign exchange market. Are markets now in more tranquil waters, or is this just the calm before the storm?

The global growth environment remains sluggish, but the International Monetary Fund expects developments in the current year to be constructive. What opportunities will this give rise to for investors? Do US technology stocks still have potential? Has the European business cycle bottomed out, and what would this mean for Swiss equities? Are high-interest bonds worth including in the portfolio for diversification?

You can find out more and read our experts’ views on the current situation in the latest Portfolio.