Review and outlook

The new investment year started turbulently – at least where geopolitical developments are concerned. The pace in this trend was set by the US.

The new US administration under President Donald Trump implemented a large number of “America First” measures. What is left of the turbulence seen in the first half? Firstly, the established maxim that it is worth remaining true to one's basic strategy. With a daily return of over 10 percent, the Nasdaq technology index showed investors once again on 9 April 2025 that a few missed days in the investment year can greatly reduce returns. Remaining invested is the key principle for investment success.

What do investors need to consider? How do we view the situation on the markets? Our “Review & outlook” publication provides answers. Why not take a look?