Insights

Sinkende Realeinkommen, steigende Inflation und geldpolitische Straffung haben zu einem Gefühl des wirtschaftlichen Fatalismus geführt. In ganz Europa, Großbritannien und den USA deuten jedoch Anzeichen auf eine (hoffnungsvolle) Wendung der Ereignisse hin, die für bessere Aussichten für das kommende Jahr sorgen.

Derzeit profitieren Private Debt-Anleger von attraktiven Renditen von 7 bis 10 % pro Jahr. Wir vergleichen die Merkmale von Private Debt mit anderen festverzinslichen Segmenten und Aktien, zeigen ihre Vorteile auf und untersuchen die Risiken im Falle eines wirtschaftlichen Stressszenarios.

Investors strongly believe that central banks are almost finished with their tightening campaign amid a fall in global inflation, and that policy rates will be lowered as soon as the second half of 2023. Still, uncertainty around this Goldilocks scenario remains elevated.

Economists continue to cast a pall of gloom over economic forecasts, questioning future output and growth. In this Strategy Blog, we discuss the supposed gloomy outlook and put into perspective the new opportunities and incentives for useful economic activity.

Capital markets experienced a difficult February, as renewed interest rate risk from further monetary tightening moved into focus. Both global equites and government bonds fell last month.

Rothschild & Co will enter into a strategic partnership with pension consulting firm, PensExpert AG. Dr Thomas Bamert will join Rothschild & Co in Zurich as Head of Wealth and Pension Planning, Switzerland.

After recent record low interest rates, variable and fixed mortgage rates are surging to levels not seen since the Global Financial Crisis. In this Strategy Blog, we consider whether fixed or variable is the better option in the ever-evolving economic environment.

Rothschild & Co is pleased to announce that Marios Broustas has joined its Global Advisory business as Managing Director and Head of Greece, effective 16 January 2023.

As expected, a fall in global inflation is underway, but labour markets remain tight. Correspondingly, the dilemma for central banks has become extensively complex.

A war in Europe, an energy crisis, shades of the 1970’s – inflation and industrial unrest – and sharply rising interest rates. Just to name a few themes that dominated the economic and investment world in 2022. But what about 2023?

Rothschild & Co has appointed Richard Brass, formerly of Berenberg, to Rothschild & Co’s UK Wealth Management business as a Managing Director. Richard will lead a new Client Adviser team and is joined by former colleague Becky Orme as an Assistant Director.

As a family-run business in its seventh generation, our focus is on the long term: to preserve and grow your wealth not only for this generation but for those to come. In this Quarterly Letter, we discuss the important issues surrounding legacies and succession.

This year has come to a close, but the effects of world events on the market persist. Looking to 2023, we pose two main questions to help determine from an investment perspective whether to put liquidity back to work.

In der 10. Ausgabe von Mosaique Insights werfen wir einen genaueren Blick auf die Schlüsselfragen für 2023 und die Entwicklung der Portfolios im vergangenen Quartal. Außerdem beleuchten wir den Status quo des Ukraine-Kriegs und seine möglichen Wendepunkte und nehmen Sie mit auf eine Reise nach Israel mit dem Leiter unseres neuen Israel-Büros.

Recent policy moves by the four western central banks took the total interest rate increase in the last year to nearly twelve percentage points. In this Strategy blog, we take a look at the current inflationary episode and the ensuing effects on the economic environment.

Six additional new relationship managers will join Rothschild & Co’s Wealth Management business to accelerate growth in this region.

Im November nahm die Risikobereitschaft der Anleger zu, nachdem die US-Inflationsdaten schwächer als erwartet ausfielen. Dadurch wurde die Erwartung unterstützt, dass die US-Notenbank ihren Zinserhöhungszyklus verlangsamen könnte: globale Aktien und globale Staatsanleihen stiegen deutlich an.

The UK Autumn Statement reflected a near-term loosening of fiscal stance, perhaps a surprise given the general talk of 'Austerity II' beforehand. In this Strategy Blog, we share our thoughts on the statement.

Senior hire supports the development of our Global Mining & Natural Resources and Investor Advisory businesses.

At present, inflation rates have characteristics of being transitionary yet permanent, putting us at a crossroads. Will the inflation surge peak soon or will it gradually subside? It’s a matter of staying the course to see what direction inflation rates go.

Solid revenue performance despite a more uncertain and difficult environment.

Das fiskalische Fiasko des Minibudgets des ehemaligen Premierministers rückte die britische Wirtschaft in den Mittelpunkt und sorgte für weitere fiskalische, monetäre und geopolitische Schlagzeilen. In dieser Ausgabe der Marktperspektive werden über diese Themen hinaus die Bedrohungen für Wachstum, Inflation und allgemeinere systemische Risiken untersucht.

Im Oktober sorgten die Erwartung langsamerer Zinserhöhungen und eine besser als erwartet ausgefallene Gewinnsaison für einen Stimmungsaufschwung: Die weltweiten Aktienkurse stiegen deutlich an, während die weltweiten Staatsanleihen unverändert blieben.