Portfolio February 2026

Although financial markets began the new year with a tailwind, the backdrop remains challenging. Dynamic developments in the tech sector continue to drive repeated bouts of volatility, while economic activity and corporate earnings are supportive of risk assets. In addition, the escalation in the Middle East is likely to add uncertainty. The strong market swings show clearly that risk-mitigating diversification remains important.

In the latest edition of our Portfolio publication, Alex Müller, Chief Investment Officer, analyses the current geopolitical situation and points out the opportunities available to investors despite the difficult environment.