Portfolio September 2026

Despite geopolitical tensions, heightened inflationary pressures and long-term interest rates at multi-year highs, the environment for stocks remains constructive. Robust growth, rising investment and solid corporate profits continue to support US and Swiss stocks. Bonds remain underweight.

In the latest edition of our Portfolio publication, Alexander Hunziker, Chief Investment Officer a.i., analyses current developments in the financial markets and explains why fundamental data continues to support equities.