Autor: Gérard Piasko, Chief Investment Officer

“Historical analysis shows that diversification across various investment modules has proven its worth at times of yield curve inversion.”

Market Comment, September 2019

Autor: Gérard Piasko, Chief Investment Officer

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Investment Policy

Financial markets already expecting sharp economic slowdown

The latest phase in the trade conflict between the US and China, involving higher tariffs on further Chinese exports and (by way of retaliation) a devaluation of the Chinese currency by multiple percentage points, has led to an equity correction, above all in emerging markets, and to a further inversion of yield curves. It is possible the markets have now moved into a phase of exaggeration, as evidenced by extreme capital flows into government bonds, gold and the Japanese yen.

Market Comment

Inversion of yield curves – what does this mean for investing?

The financial markets often turn more volatile in the late summer or early autumn. In addition to increasingly frequent “Trump tweets” – the US electoral campaign has quite clearly begun – the inversion of the US yield curve has fuelled increasingly heated debates in the markets and media. Below we look at the key reasons why the inversion of the yield curve is significant in the current as well as the historical context – but also why a comparison with previous yield curve inversions is difficult. 

Finance Theme

Cryptocurrencies - What exactly are they?

The turbulent performance of Bitcoin over the last year has brought this cryptocurrency to the attention of the wider public. But this currency has actually been around for almost ten years, and an estimated 1,600 other alternative currencies have also sprung up in the meantime. The question is often asked whether these constructs – which only exist in the form of digital code – can really be considered currencies at all in a way that bears comparison with the dollar, euro or yen. We will return to this question later in this article. First of all it is worth establishing what actually lies behind cryptocurrencies such as Bitcoin, Ether and Ripple.

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Our events in 2019

Here you can find an overview of the current events of Maerki Baumann & Co. AG.

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Investment Policy

The Investment Policy summarises our company's investment strategy on the macro-economic level as well as from the viewpoint of the individual asset classes.

Anlagekommentar

Market Comment

The Market Comment is published monthly and sheds light on current topics from the investor's point of view.

Anlagethema

Finance Theme

In the Finance Theme we cover interesting topics around money and wealth off the daily market developments.

Geschäftsbericht

Annual Report 2018

The annual reports of Maerki Baumann & Co. AG provide an overview of the bank's business activities, income stalement and balance sheet.

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