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

Chief Investment Officer, Yves Bonzon, expresses his views and the consequences to come following the UK vote to leave the EU.

Chief Investment Officer, Yves Bonzon, expresses his views and the consequences to come following the UK vote to leave the EU.

Chief Investment Officer, Yves Bonzon, expresses his views and the consequences to come following the UK vote to leave the EU.

Chief Investment Officer, Yves Bonzon, expresses his views and the consequences to come following the UK vote to leave the EU.

In an interview with Amanda Kayne, Yves Bonzon, Chief Investment Officer, cites the lack of credit demand in Europe as a drag on central bank stimulus. Meanwhile, China is some years away from a credit blow up and further rate hikes in the US only in 2017 is increasingly likely. Risk appetite remains moderate among investors meaning risky assets are favourable in the portfolio.

In an interview with Amanda Kayne, Yves Bonzon, Chief Investment Officer, cites the lack of credit demand in Europe as a drag on central bank stimulus. Meanwhile, China is some years away from a credit blow up and further rate hikes in the US only in 2017 is increasingly likely. Risk appetite remains moderate among investors meaning risky assets are favourable in the portfolio.

Co-CIO and Head Investment Management, Yves Bonzon, explains in an interview with Amanda Kayne why he believes that Europe is following in Japan's footsteps, why structural forces in Japan are too fierce for Shinzo Abe's recovery strategy and why US realization over constraints in its ability to tighten monetary policy is providing relief for some emerging assets, namely the Brazilian real.

Co-CIO and Head Investment Management, Yves Bonzon, explains in an interview with Amanda Kayne why he believes that Europe is following in Japan's footsteps, why structural forces in Japan are too fierce for Shinzo Abe's recovery strategy and why US realization over constraints in its ability to tighten monetary policy is providing relief for some emerging assets, namely the Brazilian real.

Head Investment Management and Co-Chief Investment Officer, Yves Bonzon, pinpoints oil prices as the variable complicating financial systems and explains why the lack of supply reform is limiting the impact of further monetary policy stimulus to sustain growth going forward. Yves also highlights patience as a part of the portfolio in a low return world and why we should merely be preparing as the clouds begin to shift away from Emerging Markets.

Head Investment Management and Co-Chief Investment Officer, Yves Bonzon, pinpoints oil prices as the variable complicating financial systems and explains why the lack of supply reform is limiting the impact of further monetary policy stimulus to sustain growth going forward. Yves also highlights patience as a part of the portfolio in a low return world and why we should merely be preparing as the clouds begin to shift away from Emerging Markets.