real estate

This month, markets remain mostly overvalued with a better outlook for Europe, while tactical allocation favors liquidity in the face of stagnant bonds. Alternative and long-short strategies are struggling to perform, calling for patience for a possible recovery.

In this monthly asset allocation review, the analysis suggests reducing positions in European and Swiss equities, while emerging markets and Japan remain attractive. The outlook remains positive for US equities, although their valuation remains high, and Swiss real estate maintains its place as a fixed allocation in the portfolio.

Asset allocation update: moving bonds to cash while other asset classes remain unchanged. The portfolio maintains its exposure to equities (70%), Swiss real estate (15%) and gold (5%), with a cash position of 10%.

Updated asset allocation for 2018 with a notable change in long bonds from cash to invested. The portfolio remains diversified with a split between bonds, gold, real estate and Swiss and international equities.

Trends remain stable this month, with no notable changes to report. Discover our detailed analysis of the situation which remains unchanged compared to last month.

Discover the monthly report that shows complete stability of the indicators compared to the previous month. A detailed analysis that allows you to understand current trends and their implications.