Insights

Global equities paused in November as volatility returned and defensive sectors outperformed, while the economy showed resilience despite patchy U.S. data.

How does one go from a small Swiss village to leading NASA’s Mars missions? In our latest Investment Views feature, astrophysicist Professor Dr Thomas Zurbuchen reflects on his remarkable journey and on what Switzerland can teach the world about leadership, innovation and resilience.

AI hopes push global equities to new highs in October, as the Fed cuts rates again and US-China tensions ease.

The US dollar may not appear on our asset allocation chart, yet it plays a powerful role in shaping portfolio outcomes.

Markets hit fresh highs, driven by AI momentum and Fed easing, despite rising political and geopolitical tensions.

Britain and France face political instability, weak economies, and rising populism. Yet, despite fiscal strains and public discontent, markets remain resilient, and long-term debt challenges may still be manageable.

Despite a turbulent year, markets remain composed, with most indices beating inflation and global equities near break-even.

Gold is having another bumper year. The shiny metal is up by more than a quarter in 2025, and on track for a third consecutive year of double-digit returns – a winning streak not seen since the mid-noughties.

Gold has long stood as a symbol of stability and enduring value. In today’s uncertain world, its relevance feels stronger than ever.

Trump’s policies tightened immigration, but labour market remains strong with low unemployment and steady job growth.

Global equities rose by 4.5% in June (USD terms), and global government bonds returned +0.8% (USD, hedged terms).