Focus
Focus is a thematic publication that analyses an investment opportunity.
Diversification versus concentration. And the winner is…

In the current market environment, many equity managers emphasise portfolio diversification as a means of reducing risk. Are they on the wrong path? [...]

The East-West divide

2022 seems to mark a turning point in international relations, with major implications for the global economy and financial markets. 

Investing in IPOs: Seven pitfalls to avoid

For decades, IPOs have very often been a source of excitement for investors. But there is a cognitive bias that leads us to only remember the succe [...]

Is the dollar strong by default?

The strength of the greenback is one of the major economic developments of 2022. The US dollar index, which measures the value of the dollar agains [...]

The end of the petrodollar?

The “Oil for dollars” deal between OPEC and the US has been in place since the 1970s. However, multiple geopolitical and economic factors could cha [...]

Before dancing to the beat of samba, Brazilians will need to endure a political waltz

Brazilian elections are coming up and the contest, which promises to be tight, will be determinant for the near future of the Brazilian economy. Be [...]

The boom of actively managed ETFs

Actively managed Exchange Traded Funds (ETFs) have been gathering a lot of interest over the last few years. How do they differ from other ETFs? Ho [...]

The European electricity crisis

Sluggish nuclear production, a gas market disrupted by the war in Ukraine and the unexpected effects of heat waves are sending European electricity [...]

Will the Swiss franc continue to appreciate against the euro?

Several factors seem to indicate that the euro may continue to depreciate against the franc, even though most of the bad news seems to be discounte [...]