PLEION SA - Gestion De Fortune

Category: Publications

Monthly investment review – June 2019

Strategy and Macro   Asset Allocation China, as the determining macro factor Come-back of (geo)politics Expect further hesitations ahead Certainly, US-China trade negotiations are crucial. Both countries need a truce – say a minimum agreement – to avoid significant negative side effects on the global economy. This has attracted the attention of the media. Nevertheless, […]

Investment review – May 2019

Strategy and Macro Asset allocation Disoriented investors barely participate in rising risky assets Rapid shift from recession to reflation mode Monetary loosening supports markets… but will not exert traction on economies   We continue to navigate the current global landscape with a full investment mode, though we pay attention to tail risks and remain focused […]

Weekly – Investment Adviser 9 May 2019

PERFORMANCES 2019 Equities Bonds MSCI World +13.2% CHF Corp +1.8% S&P 500 +14.9% US Govt +2.0% Stoxx 600 +13.2% US Corp +5.7% Nikkeï +6.9% US HY +8.6% SPI +17.7% EUR Gvt +3.4% China +20.1% EUR Corp +4.7% Emerging +8.8% EUR High yield +5.3% Currencies Commodities USD index +1.5% Gold -0.1% EURUSD -2.4% Silver -4.8% EURCHF […]

Weekly – Investment Adviser – 2 May 2019

PERFORMANCES 2019 Equities Bonds MSCI World +15.2% CHF Corp +1.6% S&P 500 +16.6% US Govt +1.8% Stoxx 600 +15.3% US Corp +5.7% Nikkeï +11.2% US HY +8.8% SPI +19.3% EUR Gvt +3.2% China +30.0% EUR Corp +4.8% Emerging +11.9% EUR High yield +6.1% Currencies Commodities USD index +1.5% Gold -1.0% EURUSD -2.3% Silver -5.4% EURCHF […]

Weekly – Investment Adviser 18 April 2019

PERFORMANCES 2019 Equities Bonds MSCI World +14.8% CHF Corp +1.3% S&P 500 +16.0% US Govt +1.2% Stoxx 600 +15.3% US Corp +5.0% Nikkeï +11.3% US HY +8.5% SPI +17.0% EUR Gvt +2.7% China +35.7% EUR Corp +3.4% Emerging +13.2% EUR High yield +6.0% Currencies Commodities USD index +0.8% Gold -0.3% EURUSD -1.4% Silver -3.0% EURCHF […]

Weekly – Investment Advisor – 12 April 2019

PERFORMANCES 2019 Equities Bonds MSCI World +4.0% CHF Corp +1.5% S&P 500 +15.2% US Govt +1.8% Stoxx 600 +14.8% US Corp +5.3% Nikkeï +8.5% US HY +8.0% SPI +16.5% EUR Gvt +3.5% China +32.8% EUR Corp +3.5% Emerging +13.5% EUR High yield +5.5% Currencies Commodities USD index +0.9% Gold +1.3% EURUSD -1.8% Silver -2.9% EURCHF […]

Strategical Investment Review – Q2 2019

Retrospective The Fed adopts a cautious approach given the recession risks The Fed brutally changes its monetary policy stance, which goes from a restrictive mode – balance sheet shrinking, and 3 to 4 rates hikes expected in 2019 and 2020) – to a (very) dovish tone, including only one rate hike in 2020 and slowing […]

Weekly – Investment Adviser – 5 April 2019

PERFORMANCES 2019 Equities Bonds MSCI World +13.8% CHF Corp +1.4% S&P 500 +14.6% US Govt +1.5% Stoxx 600 +14.8% US Corp +4.7% Nikkeï +8.5% US HY +7.6% SPI +15.5% EUR Gvt +3.2% China +34.9% EUR Corp +3.3% Emerging +11.8% EUR High yield +5.4% Currencies Commodities USD index +1.1% Gold +0.2% EURUSD -2.2% Silver -3.3% EURCHF […]

Weekly – Investment Adviser – 29 March 2019

PERFORMANCES 2019 Equities Bonds MSCI World +11.2% CHF Corp +1.6% S&P 500 +11.9% US Govt +2.3% Stoxx 600 +12.1% US Corp +5.3% Nikkeï +5.1% US HY +7.0% SPI +13.9% EUR Gvt +4.0% China +23.8% EUR Corp +3.2% Emerging +8.1% EUR HY +4.6% Currencies Commodities USD index +1.0% Gold +1.3% EURUSD -2.2% Silver -2.2% EURCHF -0.8% […]

Weekly – Investment Adviser – 22 March 2019

PERFORMANCES 2019 Equities Bonds MSCI World +12.1% CHF Corp +1.2% S&P 500 +12.7% US Govt +1.2% Stoxx 600 +12.6% US Corp +3.9% Nikkeï +8.0% US HY +6.8% SPI +13.5% EUR Corp +2.7% China +27.4% EUR High yield +4.6% Emerging +10.6% Currencies Commodities USD index +0.1% Gold +2.7% EURUSD -0.7% Silver +0.4% EURCHF +0.4% Brent +26.9% […]