“A key takeaway for #investors is that cuts in the US and Europe are likely to be more sizeable than currently priced in, but less important than in previous business cycles, offering an extra dimension to base valuation and investment decisions on,” Nikolay Markov, Pictet Asset Management.

“There are many options for investors looking to capitalise on the advance of #AI ” explains Chi Ho Wong, Pictet Asset Management, “the US technology sector is one of them, but investors may soon need to look at cheaper alternatives - emerging Asian tech companies are among the most promising.”

“While global economic and #liquidity conditions are far from rosy, we see pockets of improvement that are supportive for risky assets,” explains Luca Paolini, in the latest Barometer from Pictet Asset Management, “We remain overweight equities, neutral bonds and underweight cash.”

“You can generate outsized returns by investing in firms that address pressing #environmental challenges,” notes Nicolas Thomas, Pictet Alternative Advisors, “There is also less risk of tech or regulatory disruption because you are already investing in the economy of tomorrow”.

“Most developed central banks, starting with the Swiss National Bank, unambiguously confirmed their easing bias this week. We continue to expect the Federal Reserve, the European Central Bank and the Bank of England to start cutting rates in June.” Pictet WM's @Fwred

“The main significance of Tuesday’s changes is that the #BoJ is no longer constrained by the previous highly restrictive policy framework,” highlights Dong Chen, Chief Asia Strategist and Head of Asia Research, Pictet WM, “And the side-effects created by the NIRP are removed.”

Diversity Project Europe, of which Pictet Asset Management is a founding member, has announced a first of its kind, strategic research collaboration with PwC Switzerland to understand the current state of play around #DEI in the European asset management industry.

“Credit offers great value compared to equities and government bonds - timing the #credit market is less relevant than it is to equity investors,” note Ermira Marika & Nicolas Musolino, Pictet Asset Management, “Investors who apply longer investment horizons to credit allocation are rewarded.”

“ #Tech was the clear leader in the recent earnings season, mostly on the back of the stellar growth of artificial intelligence,” highlights @Luca_Paolini, in the latest Barometer from Pictet Asset Management, “And, crucially, the outlook for future profits remains bright.”

“Across most risk preferences, investors would do better diversifying their portfolios across the markets’ capital structure than sitting on cash,” according to Shaniel Ramjee, Pictet Asset Management, “Thanks to the margin of safety on offer from current yields and spread.'

Will Asia drive growth in 2024? Pictet WM's Chief Asia Strategist and Head of Asia Research, Dong Chen, explains in which countries we should see recovery, where there will be growth and who will benefit from semiconductor demand. #China #India #Taiwan #SouthKorea #SoutheastAsia

'Our research focus will be long-term and strategic, as opposed to tactical, aiming to drive innovation in our investment thinking, processes and offerings for the benefit of our clients and investment professionals.' - Maria Vassalou, on the new Pictet Research Institute

Read the latest note from Pictet WM, on how moving to fixed income means locking in yields that are still appealing. The risks associated with the highest-quality bonds are low. This is an important consideration during periods of market volatility and geopolitical instability.

“It is a new world for #investors ,” according to Mary-Therese Barton, CIO, Fixed Income, Pictet Asset Management, “One in which they will be able to earn the sort of returns from the bond and credit markets that they have not seen for many decades.”

«Our analysis suggests that since 1926, nobody who invested in Swiss equities for at least 14 years would have experienced a loss on their initial investment.” Pictet WM’s Jacques Henry, Nadia Gharbi
and Djâafar Aballeche on the long-term study on shares and bonds in Switzerland

Press release: Pictet announces full-year 2023 figures. Solid results affirm long-term business model.

Watch Pictet WM's Alexandre Tavazzi discuss the outlook for this year: In 2024, both inflation and growth are set to slow, which should mean that interest rates come down. But outside China, indebtedness could test the authorities’ ability to stimulate sluggish economies.