Market insights

,

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.

,

As the "X-date" approaches, markets are becoming increasingly nervous. CIO Beat Thoma explains why the negotiations are likely to be even more difficult this time and what investors can learn from similar episodes in the past.