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How did emerging market equities perform during the last Ukraine-Russia (2014) crisis?
When assessing the Ukraine-Russia crisis, one can distinguish three main scenarios:
«Vendre au son du clairon, acheter au son du canon»
Two major issues are preoccupying the stock markets: On the one hand, Russia's current threatening gestures towards Ukraine are rightly worrying market participants on the global capital markets. And on the other hand, the markets - after an excellent year for equities in 2021 - have reacted nervously to higher inflation rates and & interest rate fears in 2022 to date, correcting by over 10%.
Europe offers added value with substance ("value") shares
In October 2021, the inflation rate in the U.S. exceeded 6% for the first time in decades; the result was a significant rotation on the stock markets. Inflation fears have erupted and redirected expectations: To curb inflation, central banks would have to completely change their policies, away from low interest rates and generous money supply expansion to rising interest rates.
Multifactor equity forecast: Update 2022
The year 2021 was a very eventful year from an equity perspective. Supply chain problems, inflationary pressure, a wave of regulation in China and new earnings records are just a few buzzwords that can describe the movements on the financial markets.
MSCI ESG Leaders Index
Every asset manager, portfolio manager or investment advisor is currently confronted with the three magic letters ESG. Many clients want to know what impact the integration of ESG criteria has on their investments.
Multifactor Equity Forecast: Update September 2021
A lot has happened on the financial markets in recent weeks and months. Emerging markets in particular have been characterized by high volatility. Therefore, it is worth taking another look at our country/region equity multi-factor model and its forecasts.
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.
BBB Bonds: Stable - Popular - (Over)Valued?
A look at the historical development of the credit risk premium of European investment grade corporate bonds is instructive ...
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.
Low Risk is not No Risk
The announcement in early November that the first vaccines have been successfully tested and approved by health authorities, combined with other large stimulus packages, has triggered a fierce sector and style rotation in the markets. This rotation is a clear sign that markets expect a clear pick-up in economic growth after Q2 2021.
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
Multifactor stock market forecast 2021
In early 2020, we first reported on our equity multi-factor model for countries/regions and its equity market forecasts. The factor-based method ranks countries or regions according to their attractiveness. The criteria used are price-momentum, valuation, earnings-growth and quality.