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Dr. René Dubacher

Real added value with Swiss equities

More than a hundred years of empirical evidence indicates that equities, while highly volatile in the short run, reward investors with a higher return over bonds and cash in the long run. This return differential, the so-called equity premium, is the reason most investors invest in a diversified equity portfolio.

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Dr. René Dubacher

Emerging market equities in 2021

The economic, monetary, commodity, and trade policy changes that have driven global equity market trends since 2018 are evolving rapidly and should continue to favor emerging markets over developed markets this year.

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Dr. René Dubacher

Beauty is in the eye of the beholder: Are stocks highly or lowly valued?

Financial markets reflect investors' expectations about the future; therefore, it is hardly surprising that they were chaotic in 2020. The resurgence of risky assets amid a fragile economy raises the question of whether bubbles have formed in certain assets or whether the ups and downs are explained by rapidly changing fundamental factors

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Dr. René Dubacher

Risk Rally in November

The SPI rose by 8.41% in November, the best November performance since the index has been calculated and the highest monthly performance since the end of the financial crisis (June 2009). The SPI thus lagged behind the MSCI World Index of 11.45% in Swiss francs.

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Dr. René Dubacher

Emerging Market Equities (EMMA) or Asia+ ?

Skeptics often talk about investing in emerging markets as nothing more than an Asia-plus strategy, since Asia makes up 80% of the index. As is all too often the case in media financial discourse, opinions are quickly expressed; this says nothing at all about the substance of the content.

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Dr. René Dubacher

US equities in competition with the rest of the world

U.S. stocks hit a relative high last week compared to the rest of the world. EPositive earnings outlook of American blue-chip tech companies and a Corona virus-induced exodus from Asian stocks, were major contributors. The S&P 500 index is up 3% this year despite recent weakness, while the rest of the world is up between 1% and 2%.

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Dr. René Dubacher

Emerging markets or industrialized nations?

The MSCI World Index reflects the stock market development of over 23 industrialized nations, while the MSCI Emerging Markets Index reflects the development on the stock exchanges of the most important emerging markets.

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Dr. René Dubacher

Swiss second-line stocks

We can observe large performance differences in the Swiss equity market: Depending on the capitalization segment, the performance deviations are untypically large

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Dr. René Dubacher

Emerging market equities are very attractively valued

The dollar's rally, which began in February 2018 and accelerated in April, has been a wrecking ball through emerging markets in 2018, leaving a picture of destruction in its wake. The crises in Argentina and Turkey were triggered by this and many foreign investors took flight.

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Dr. René Dubacher

Trade dispute USA - China

The U.S. trade war with the rest of the world, but especially with its largest trading partners China and the European Union, is making new headlines every day. Initial accusations from all sides have developed into a serious conflict.

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