In 2017, asset managers in Switzerland looked after around 2 trillion Swiss francs, a volume increase of 5 percent year-on-year. On Friday, the Swiss Funds and Asset Management Association (SFAMA) will hold its 25th Annual General Meeting in Bern. Ahead of the event, Martina Fuchs spoke exclusively to its Managing Director Markus Fuchs, and asked him about the key drivers behind that growth.
René Weber, analyst at Vontobel, explains which types of Swiss timepieces are suffering from the competition with tech giant Apple. But first, he shares his views on the rebound of Swiss watch exports in October.
Roger Darin, community manager at Bitcoin Association Switzerland, thinks the value of Bitcoin could fall as low as USD 3,000, far from its record close of USD 20,000 almost a year ago. But he explains why it’s not the end of the story.
Stocks wiped out their 2018 gains after a sell-off that hit tech shares hard. Meanwhile, the SMI closed down 0.49 percent to 8,769.45. Today’s Market Summary looks at Swiss watch exports and the latest Bitcoin bloodbath.
Esty Dwek, senior investment strategist at Natixis Investment Managers, analyzes the rift between Italy and the European Union and explains what France and Germany may, or may not, achieve as they try to boost the EU’s budget. She also discusses what it all means for Switzerland.
Tonight’s Markets Summary homed in on oil and gold, which rose against the backdrop of Brexit uncertainty. Meanwhile, the SMI wrapped up today up 0.42% to finish at 8907.39 points, with ABB leading the way.
The tax fraud trial in Paris against UBS has come to an end. It could cost the bank more than €5 billion, with UBS categorically denying any wrongdoing. The verdict is expected to be handed down on February 20, 2019. NZZ reporter Zoé Baches, who has been covering the case, explains what is now at stake for the bank.
Carsten Menke, commodity analyst at Julius Baer, shares his views on the recent increase in the price of gold. And it’s not because of the turmoil created by Brexit, he says. Menke starts off by assessing the oil market and also takes a closer look at cobalt.
Steven Oh, global head of credit and fixed income at PineBridge, explains why the European Central Bank may put the normalization of its monetary policy on hold. Oh also shares his views on Italy and whether Rome’s budget can fix the country’s problems.
This Thursday, the spotlight was on Brexit, following a string of resignations. Meanwhile in Switzerland, Apple supplier AMS sounded a warning about iPhone demand while Richemont braces itself for a slowdown in the luxury sector. The SMI ended down .68 percent, finishing at 8,870.03.
The demand for sustainable investment is rising, but it’s a challenge to generate returns with traditional approaches. For Machiel Zwanenburg, portfolio manager at Robeco, research suggests that quantitative models could support investors.
This Wednesday, global markets were mostly lower with the SMI closing down 0.93 percent to 8,931.20. Tonight’s Markets Summary delves into investors’ concerns about a global slowdown, Tencent’s earnings, and a Novartis spin-off.