The curious case of rising US Treasury yields

three hot air balloons, one with a basket of passengers

US Treasury yields increased sharply after falling leading up to and immediately after the 2 April tariffs announcement. The tariff reprieve on 9 April initially quelled the surge, but rates remain elevated. The surprise is that typically when global risks increase, the flight to quality trade ensues – US Treasury yields go down, prices go […]

Private Equity in einer Netto-Null-Welt

glass buildings looking up to forest and sunlight

Management von Klimarisiken
und -chancen

Market mayhem bolsters appeal of liquidity products

Money market funds sometimes get a bad rap – they can be viewed as boring. Across the whole investment universe, investors have a vast array of choices: any number of asset classes that seek to balance risk with reward and offer the potential for higher returns. All money markets aim to do is provide a […]

7 Minuten, die die Märkte veränderten

Chartology

Geldmärkte auf stabilem Kurs

Die Auswirkungen von US-Präsident Trumps „Liberation Day“-Zöllen auf den breiten Finanzmarkt sowie die darauffolgenden Änderungen und jüngsten Verzögerungen waren von seismischem Ausmaß, aber nicht unbedingt für den Liquiditätsbereich. Die Zölle mögen zu einer massiven Volatilität an den Aktien- und Anleihemärkten geführt haben, aber sie hatten nicht dieselben Auswirkungen auf die Geldmärkte, die sich inmitten der […]

Relief rally?

Life buoy on white wall (front view)

market snapshot

Global Equity ESG, Annual Report 2024

red and orange flowers in a meadow, with snow capped mountains in the background against a bright blue sky

Fast reading Market and performance review, 2024 Engagement overview ESG outcomes Nature in focus: How we’re investing in biodiversity Case studies: Hitachi and Amazon Global Equity ESG, Annual Report 2024 Download Read More Watch now Listen now Read More Watch now Listen now Read More Watch now Listen now Read More Watch now Listen now […]

Die Konturen einer neuen Handelswelt

rolling fields and hills at sunset

Die kurzfristigen Bewegungen bei Aktien und Währungen haben die Märkte in einen Schockzustand versetzt und Investoren bemühen sich nun, die Zollnachrichten einzuordnen und das relative Wirtschaftswachstum sowie Gewinnschätzungen und den Marktzugang neu zu bewerten. Obwohl der Zollüberhang nicht verschwunden ist, sind wir dem Anfang vom Ende bereits viel näher. Die totale Marktunsicherheit wurde nun zumindest […]

Avoiding the thorns

US President Trump announced his reciprocal tariffs Wednesday in the Rose Garden, but they are unlikely to come up roses for the US and global economies. At a base of 10%, with much higher rates on many other countries, the tariffs are far more sweeping than expected. While most of the world is scrambling to […]

Two ways of being wrong

There are at least two ways of being wrong in investing, and each has its own means of mitigation. One is to be flat-out wrong. Perhaps the most spectacular example of this (among many contenders) may be found in the hapless words of Professor Irving Fisher, a distinguished economist at Yale, who announced in mid-October […]