Gas shortage in Germany
The flow has dried up. Russia has stopped supplying gas to Europe via the Nord Stream 1 Baltic Sea pipeline on 31 August 2022. First, the delivery volumes were set back to 40 percent of the possible transport capacity, then to 20 percent and now to 0 percent. The...
No fear of volatility
After the worst first six months of the year in stock market history, investors must continue to show strong nerves. The S&P 500 stock index lost a whopping 20 percent in the first half of 2022, only to stage a stellar recovery in July. The change in investor...
Why gold, cryptocurrencies and complex derivatives do not matter
Managers of a multi-asset portfolio can use the full breadth of the capital market as part of their capital allocation. In addition to equities and bonds, investments in commodities, precious metals, derivatives and in new asset classes such as cryptocurrencies are...
Langfristige Gewinner in einem anspruchsvollen Umfeld
Anleger mussten im ersten Halbjahr 2022 starke Nerven beweisen. Abgesehen von Rohstoffen und Aktien aus dem Energiesektor weisen nahezu alle Anlageklassen und Anlagensegmente Verluste auf. Die globalen Aktienmärkte mussten das schlechteste erste Halbjahr der...
