Autor: Gérard Piasko, Chief Investment Officer

Value or growth?

Market Comment, April 2021

Author: Gérard Piasko, Chief Investment Officer

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Our specialists continuously monitor and evaluate market developments.
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Investment Policy

Reflation should allow equities to outshine bonds

Reflation has emerged as a key topic of discussion in the financial markets. Past experience of reflationary phases shows that – in the great majority of cases – although market volatility rises, equities deliver a clearly superior overall return in the medium term compared to bonds. This is a common phenomenon in situations where inflation rises from a low level and is accompanied by strong economic growth that boosts corporate earnings. Given this scenario, it would come as no surprise if impressive medium-term global value stocks with relatively cheap valuations in a historical comparison were to perform impressively.

Market Comment

Value or growth?

A frequently heard discussion in the investor community is the question of “value” or “growth”. In other words, should investors opt for equities with historically low valuations or historically above-average business growth? In this debate between value and growth, balanced consideration of various aspects with an emphasis on robust companies looks like the sensible medium-term strategy.

Finance Theme

Return opportunities with sustainable investments

We are currently living through an era of change, in which a clearly identifiable shift in social attitudes is evident. It involves a more conscientious lifestyle and a desire for greater transparency and disclosure.

Our events
Our events in 2021

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

Anlass

Our publications

Find out more about current market events and topics from the investor's perspective.

Anlagepolitik

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.

Marktkommentar

Market Comment

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

Finanzthema

Finance Theme

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

Geschäftsbericht

Annual Report 2020

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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