Market insights

,

Technology stocks and quality dividend stocks historically have a negative correlation, which allows building a long-term diversified equity portfolio. The prerequisite is the early detection of a change in the prevailing investment environment.

,

Outside of the hyped AI stocks, we find very promising companies in the related area of 3-D megatrends: digitalisation, demographics and decarbonisation. With convertibles, investors can take advantage of several benefits at once.

,

Real returns of emerging markets corporates are at their highest level in years. If the market environment continues to stabilize, we expect to see a resumption of inflows into the asset class in the second half of 2023 with corresponding support for performance.

,

For some time now, the relentless appreciation of the US dollar has been losing momentum. Commodity-exporting countries in particular – and the companies associated with them – are likely to benefit disproportionately from the USD weakness.

The topic of a possible recession is preoccupying markets. Therefore, a focus on quality in the high-yield segment makes sense at the moment. A gradual build-up of positions would be appropriate here.