Author: Gérard Piasko, Chief Investment Officer

The valuation of Eurozone is compared to the price/book value ratio 35% lower.

Investment Policy, July 2020

Author: Gérard Piasko, Chief Investment Officer

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Current insights

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Investment Policy

A more balanced positioning

Many investors are asking themselves why markets are going up when unemployment is high. The short answer is that equity markets look ahead. Unemployment is a late indicator of the economic cycle, whereas early indicators are already pointing to an improvement. Furthermore, the economic stimulus injected by central banks has recently been ramped up dramatically to new levels. In particular, the European Central Bank (ECB) has expanded its asset purchase programme  from EUR 750 bn to EUR 1,350 bn. This is boosting both equities and the Eurozone’s economy. 

Market Comment

Swiss equities have appeal

The global economy may be having a tough year, but equity markets have calmed and are trending upwards. The dramatic further opening of the monetary floodgates by central banks and governments is creating a wave of liquidity that can flow into the real economy and/or the financial markets. Both of these things are likely to happen. Swiss equities and the Swiss franc have always been a byword for stability and historically attractive growth.

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.

Our events
Our events in 2020

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

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Our publications

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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.

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 2019

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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