Publications

Letter from the CIO: "Resilience or the start of recovery?" - April 2024

Read our latest Letter from the CIO publication titled "Resilience or the start of recovery?" here:

Letter from the CIO April 2024

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April 11, 2024

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