Publications

Letter from the CIO: "Recovery ahead?" - January 2023

The latest publication from our CIO titled "Recovery ahead?" is now available in English, French and German (toggle language at top right menu dropdown).

January 13, 2023

Publications

Letter from the CIO - October 2025

Markets in Suspension: Between Euphoria and Caution

October 15, 2025

Publications

Letter from the CIO - September 2025

Towards Global Reflation, but Under Certain Conditions

September 17, 2025

Publications

2025 Outlook – Second Half

The first six months of 2025 have reshaped our view of global macroeconomic dynamics. A sequence of unexpected events has led us to reassessour convictions and adjust our positioning.

July 10, 2025