Q4 Investment Strategy & Outlook

07 Nov

Q4 Investment Strategy & Outlook

Investment Climate - Key Points

  • The global economic situation has improved, and prospects are good for 2018
  • Significant change in sentiment toward the Euro-zone and the single currency
  • The recovery of the upward cycle on long rates is now more robust in the United States
  • Weakening of the Swiss Franc is still on the cards
  • Donald Trump’s tax reform could prove disappointing¬†

Key convictions for Q4 2017 - Key Points

  • The global economic cycle is gathering pace
  • Monetary policies are very gradually aligning
  • Recovery of the upward cycle on long rates
  • Donald Trump’s tax program could prove disappointing
  • Improved energy fundamentals
  • Ongoing adjustment of valuation of the Swiss franc