Meet Sven

Sven Schubert PhD

Head of Macro Research Vescore

26 years investment experience

12 years with Vontobel

Zurich

Vontobel Asset Management AG

Genferstrasse 27

CH-8022 Zurich

Switzerland

Sven Schubert is Head of Macro Research Vescore in the Research Alpha team within the Vescore Boutique at Vontobel Asset Management. He joined Vontobel in July 2011 as Currency Specialist and Emerging Markets Economist.

Prior to this, he worked at Credit Suisse for more than six years, among others as an Emerging Markets and Foreign Exchange Strategist. In 2005, he joined the PhD program of Credit Suisse and worked as an Emerging Markets Economist. From 2000 to 2004, he held various positions at Dresdner Bank, Deutsches Institut für Wirtschaftsforschung (DIW Berlin) and Max-Planck-Institut. He started his career in 1997 with an apprenticeship at Dresdner Bank.

Sven holds a Master’s degree and a PhD in Economics from Freie Universität Berlin.

Related perspectives

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Market Update | Read | 9 min Mar 09 2023

Six reasons why inflation may feel like gum on your shoe

Inflation may be like gum on your shoe – annoying and, above all, hard to remove. Sticky inflation is a scenario that has been in the cards for quite a while already but now seems to receive more weight as a probable outcome. There are six reasons for this display of stubbornness which may disappoint those who thought inflation would come off easily.

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Outlook | Read | 5 min Feb 01 2023

Vescore Global Market Outlook February 2023

The euphoria in the financial markets has been driven by falling expectations of a severe recession. Although our models continue to indicate a US recession, this is likely to begin later in the year. This means there is no contradiction in the equity overweighting that is currently suggested by our model.

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Market Update | Read | 5 min Jan 09 2023

What do our models think about US recession risks?

The yield curve and our models point to a high probability of recession. But how severe will the U.S. recession be? To answer this question, we exploit historical data to examine the impact of the tightening cycle on GDP growth. The results show that investors should exercise caution in 2023.

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Outlook | Read | 7 min Jan 03 2023

Vescore Global Market Outlook January 2023

The markets are still unimpressed by the approaching recession. This is the case even though aggressive interest rate rises, an inverse yield curve, the global “contraction” status of the Wave, and the similarities between the current market environment and 1989 as highlighted by our risk model all clearly suggest that 2023 is likely to see economic collateral damage.

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Outlook | Read | 7 min Nov 30 2022

Vescore Global Market Outlook December 2022

Market participants are eagerly awaiting the Fed meeting in mid-December. How it chooses to tackle inflation will determine the severity of the recession, which our models – especially the Wave and the risk model – are now clearly signaling.

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Outlook | Read | 9 min Nov 01 2022

Vescore Global Market Outlook November 2022

The bear market has not yet reached its end. Meanwhile, concerns are also rising that economic stagflation - an economic situation in which stagnant growth is accompanied by inflation - could develop. This view is shared not only by our proprietary business cycle model, whose contraction signals are strengthening, but also by the continuously rising credit spread, which has reached levels of past recessions this month.

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