The financial markets are facing major challenges. We are responding with a long-term approach, focussing on quality and stability and adjusting our portfolios slightly.

Switzerland is internationally renowned as a safe haven for assets and as a safe country to live in, not least thanks to its historically robust economy by international standards.

For some time now, Japanese equities have been performing to almost the same level as those of other countries, which represents an upturn in fortunes. Investors have been dabbling in Japanese equities for years, but have frequently been forced to come to the realisation that equities from other countries are a much better option in the medium- to long-term.