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CIO Letter

20190909_161412_0.jpgAlexandre Michellod
Head Wealth & Investment Solutions Department





At this beginning of the summer, the second edition of our CIO Letter comes during a period marked in Europe and the United States by an overall easing of health measures related to Covid-19 and consequently the reopening of the economies of these two major geographical areas. 

Likewise, in Switzerland where the Swiss Federal Council reclassified the situation in June from an ”extraordinary” to “specific” health crisis, life is gradually returning to normal. On the financial markets, however, it is certain that the coming months will represent a delicate period that will be difficult to address “normally” as a simple crisis recovery. Whether we are private or professional investors, it will be critical in this second part of the year to be attentive to the economic developments as a result from the unprecedented state financial aid to global economies.

We hope that this new edition of our CIO Letter will help you in your financial reflections this summer.

Enjoy the reading !