Portfolio June 2026

Easing tensions in the Middle East are providing relief for energy prices and curbing inflation. We are raising the equity allocation and increasing our holdings of Swiss stocks. Comparatively high costs have prompted us to hedge the US dollar slightly less than before. We remain cautious when it comes to bond investments.

In the latest edition of our Portfolio publication, Alexander Hunziker, Chief Investment Officer a.i., analyses the current geopolitical landscape and highlights the opportunities available to investors despite this challenging environment.