Insights

Investors’ return expectations for multi-asset portfolios are high. To achieve them, we are convinced that the time has come for investors to rethink their approach, especially in terms of required asset classes, allocation flexibility, and exclusion of emotional decisions.

Most commodities are on a winning streak right now. Even oil, which still faces fragile demand, has the potential to trade north of 60 US dollars by mid-year thanks to recent unilateral Saudi Arabian production cuts.

At the start of January, our models increased the equity overweighting considerably and slightly reduced the bond short positioning. The risk indicator fell to a 12-month low. The current topic includes a commodities outlook.

In this interview, Global Head of Multi Asset Products Daniel Signer explains the characteristics and benefits of listed infrastructure and shows the differences between listed and non-listed infrastructure investments.

As of the start of December, our models have reduced the equity overweighting almost to neutral and have increased the bond short positioning further, while the risk indicator has picked up for all market segments. The current topic examines our artificial intelligence strategy, in which the risk parity model dominates at present.

Where can investors find opportunities? Where are the pockets of risk to avoid? Our portfolio managers explore consumer behavior in the tech and consumer staples sectors, and growth in emerging markets. We expect investor focus to shift from virus-induced disruptions to the pace of economic healing and we remain confident about market prospects ahead.

The Regional Comprehensive Partnership (RCEP) shifts the world economyʼs center of gravity more towards the east, allowing China to expand its economic influence. However, the real economic effects of the agreement will hardly be felt before 2022 and European and US companies are likely to face more obstacles in the region.

So “Amtrak Joe” will swap the train for the more glamorous Air Force One aircraft. After taking over as captain, Joe Biden will face a truly presidential task of bringing his nation closer together again. May the (Air) Force be with him.

As of the start of the month, the models reduced the equity overweighting to almost neutral and slightly increased the bond short positioning, while the risk indicator is showing calm waters. This time, in the context of our commodities strategy, we are giving an insight into roll yields as a risk premium.