The events of the last 12 months have once again brought it home to investors that a broadly diversified portfolio offers good protection in times of political uncertainty and general market turbulence. Our “Review & outlook” publication provides you with in-depth information on our assessments of possible developments over the coming year.

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 investment year started turbulently – at least where geopolitical developments are concerned. US markets stuttered temporarily. By contrast, our overweight in Europe is paying off. Hopes of a solution to the war in Ukraine and fresh elections in Germany are buoying markets.