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CIO Letter

20190909_161412_0.jpgAlexandre Michellod
Head of Wealth & Investment Solutions Department




The first edition of our CIO Letter was published a year ago in the context of a period of lockdown that led to a major destabilisation of the world economy and a sharp fall of the stock exchanges.

One year later, the Easter celebrations are taking place in a climate that is still marked by the maintenance of sanitary measures, but with the prospect of a concrete end to the crisis taking shape in the medium term.

With the Covid-19 vaccination process underway worldwide and the central banks' accommodating policies, the financial markets are already anticipating significant economic rebounds in the various regions of the world and more particularly in the United States.

We hope that this optimism will materialise in the coming months and have adapted our Investment Policy accordingly.

Enjoy the reading!