Publications

Letter from the CIO - October 2025

Markets in Suspension: Between Euphoria and Caution

▪ Markets continue their momentum, supported by the Fed’s first rate cut and a resilient US

economy.

▪ The frenzy around AI is fuelling tech stocks but rekindling fears of a speculative bubble.

▪ Gold hits a record high, reaffirming its role as a safe haven.

📌Download the full CIO Letter in PDF format here.

October 15, 2025

Publications

Mirror, mirror on the wall, who is the fairest now?

Powered by TikTok and rapid innovation, K-beauty is emerging as the new global force in the beauty industry.

January 12, 2026

Publications

Letter from The CIO - December 2025

Investing with discipline: what 2025 has taught us

December 11, 2025

Publications

Swiss Economic Diplomacy in Transition

Multinational companies emerge as diplomatic actors, revealing a shifting hybrid economic governance.

December 01, 2025