Prof. Dr. Jan Viebig, Global Co-CIO ODDO BHF AM. "That said, Germany’s reliance on American consumers remains limited—what matters far more is the free movement of goods within the European Union." Boosted by the adoption of a historic financial package that promises large-scale public investment,…

“The allure of passive asset management is retreating alongside the era of unfettered free trade and ‘globalisation’. This shifts the spotlight onto active management, thematic investing and multi-asset strategies." Pictet Research Institute, Pictet Group’s resource dedicated to researching the topics with long-term implications for investment,…

Does this signal the start of a crisis in the US bond market or even in the dollar? In mid-April, 10- and 30-year yields on US debt experienced their biggest surge since the Covid crisis. A worrying phenomenon. Normally, in times of crisis, investors seek…

Our expectation was that de-dollarisation would continue its slow progress. However, the ideological shift under a potential second Trump administration could accelerate this process. This states Mali Chivakul, Emerging Markets Economist at J. Safra Sarasin. Over the past decade, the BRICS countries have laid the…

Turning to the Forgotten André Kostolany for Guidance In recent weeks, the stock markets have been shaken to their core, and many ETF investors – the so-called "hammock investors" – have faced sharply falling prices for the first time, along with spectacular recoveries like the…

Tariff zig zag César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The US and China entered a full-on trade war, imposing tariffs of over 100% on each other’s goods in a conflict that raises both the risk of a US recession and the prospect of sharply…

The Mar-a-Lago Accord is a misguided plan to reshape global trade and finance The swift and aggressive implementation of tariffs by the Trump administration is challenging the dollar’s global role. Aggressive tariffs align with the Mar-a-Lago Accord proposal, which suggests sequencing tariffs as part of…

By Prof. Dr. Jan Viebig, Chief Investment Officer, ODDO BHF SE. The magnitude of the tariff increases announced by President Trump on 2 April 2025 came as a nasty surprise. Market participants expected tariffs on goods imported to the US to be hiked from just…

Brice Prunas, Artificial Intelligence thematic manager, ODDO BHF Asset Management. "It’s now a race — not just between tech giants but also between nations. In my view, this race won’t slow down. It’s a kind of "prisoner's dilemma": no one trusts the other side to…

Comments by Michael Krautzberger, Global CIO Fixed Income at AllianzGI, ahead of the ECB meeting on 17 April. ECB set to cut rates by 25bp at the April meeting; trade war fears driving near-term expectations of the speed and scope of future rate cuts We…