Julius Baer CIO Monthly – a view from the top on key market trends

Yves Bonzon, Chief Investment Officer (CIO) and Head Investment Management at Julius Baer on euro strength and other recent market developments

In Yves Bonzon, Chief Investment Officer, in dialogue with Amanda Kayne, expresses concern over the Federal Reserve's plan to potentially reduce the balance sheet. With credit growth weakening in the private sector year-on-year, Yves wonders if a move is really so urgent. Yves goes on to remind investors that oil is an asset class of last century and is today more a trading space than an investment one. And while biotech and the general healthcare sector will always have to deal with on/off pressure when it comes to pricing, it remiains an attractive part of the portolio.

In Yves Bonzon, Chief Investment Officer, in dialogue with Amanda Kayne, expresses concern over the Federal Reserve's plan to potentially reduce the balance sheet. With credit growth weakening in the private sector year-on-year, Yves wonders if a move is really so urgent. Yves goes on to remind investors that oil is an asset class of last century and is today more a trading space than an investment one. And while biotech and the general healthcare sector will always have to deal with on/off pressure when it comes to pricing, it remiains an attractive part of the portolio.

Yves Bonzon, Chief Investment Officer, in dialogue with Amanda Kayne, explains why he believes investors have confidence in the resilience of banking systems and shares his views on cryptocurrencies.

Yves Bonzon, Chief Investment Officer, in dialogue with Amanda Kayne, explains why he believes investors have confidence in the resilience of banking systems and shares his views on cryptocurrencies.

Yves Bonzon, Chief Investment Officer, in dialogue with Amanda Kayne, explains why he believes that investors have confidence in the resilience of banking systems and why Cryptocurrencies should not be a core holding of any portfolio. While he understands that investors may not like the dollar, Yves suggests buying the real asset of gold or the S&P500 instead.

Chief Investment Officer, Yves Bonzon, tells Amanda Kayne that the Julius Baer strategy of treating political events as external shocks led to precautionary repositioning just before the first round of the French election, which subsequently could be reversed again. Back to fundamentals, an expanding global economy as well as cautious and accommodative central bank policies result in an economic situation being neither too hot nor too cold, which should support riskier assets. Furthermore, Yves emphasizes that statistical analysis reveals that there is no correlation between low volatility and imminent corrections on the financial markets.

Chief Investment Officer, Yves Bonzon, tells Amanda Kayne that the Julius Baer strategy of treating political events as external shocks led to precautionary repositioning just before the first round of the French election, which subsequently could be reversed again. Back to fundamentals, an expanding global economy as well as cautious and accommodative central bank policies result in an economic situation being neither too hot nor too cold, which should support riskier assets. Furthermore, Yves emphasizes that statistical analysis reveals that there is no correlation between low volatility and imminent corrections on the financial markets.

French presidential elections 2017

French presidential elections 2017