Insights

Our management approach follows rigorous and thorough investment processes based on our assessment of the macroeconomic situation and on a fundamental analysis. We share all our insights with you.

Focus
 Key Things Investors Should Consider In 2018 14 August 2018
Macroeconomic backdrop is supportive of ‘risk-on’. This can quickly change, but for now, a lack of inflation pressure and positive growth should fuel financial markets. [...]
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Asset Allocation Insights
 Our monthly view on asset allocation (August 2018) 10 August 2018
Our stance today is currently ‘risk-on’. [...]
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Focus
 European Banks and the search for value 03 August 2018
European banks remain one of our highest conviction sectors within credit as a number of developments in monetary policy, banking fundamentals and regulatory changes should support positive performanc [...]
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Focus
 European Credit Outlook for H2 2018 : Time to Buy ? 27 July 2018
After more than one and a half year trending up, Euro credit markets have been under pressure during the first half of 2018. [...]
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1 month in 10 snapshots
 July 2018 23 July 2018
Despite all the announcements, tweets and threats of the past few months, additional tariffs on US imports of Chinese goods and China’s reciprocal measures had yet to be implemented at the end of June[...]
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Asset Allocation Insights
 Our monthly view on asset allocation (July 2018) 13 July 2018
Overall economic, as well as EPS, growth is and is expected to remain quite solid. [...]
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Focus
 Healthcare offers compelling contrarian value in a stretched [...] 10 July 2018
Warren Buffett once warned: "You pay a very high price in the stock market for a cheery consensus." This market adage underscores the dilemma facing investors who are seeking to find compelling opport [...]
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Flash
 Erdogan wins re-election but economic challenges remain 27 June 2018
Despite the pro-Kurdish party (HDP) passing the ten percent threshold required to enter the Turkish parliament, which could have prevented a majority for Erdogan, the People’s Alliance won a clear maj [...]
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1 month in 10 snapshots
 June 2018 21 June 2018
The US economy is still expanding at a steady pace, benefiting from the support of tax reform.[...]
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