Monthly Newsletter

Our latest monthly newsletter offering an overview of recent financial market developments, key economic indicators, and notable movements across major asset classes. Inside, you will also find insights into our current investment strategy and updates on recent portfolio activity.

Newsletter November 2025

Newsletter November 2025

Following its Q3 earnings report on October 30th, Amazon’s stock surged about 10-12% in after-hours trading. 16.64% PERFORMANCE OF NIKKEI 225 Investment perspective Historically, October has a reputation for being a challenging month for the stock market, largely due...

Newsletter October 2025

Newsletter October 2025

Gold has climbed above $4,000 a troy ounce for the first time, Gold hit $4,036 early on Wednesday 11.9% PERFORMANCE OF GOLD IN SEPTEMBER Investment perspective The global economy is showing resilient, albeit slowing, growth, with projections of around 3.2%-3.3% for...

Newsletter September 2025

Newsletter September 2025

Federal Reserve Chair Jerome Powell opened the door ever so slightly to lowering key interest rate in the coming months 12.8% PERFORMANCE OF THE CHINA A ONSHORE INDEX IN AUGUST Investment perspective Forecasts for real GDP growth in the second half of the year suggest...

Newsletter | August 2025

Newsletter | August 2025

The US Federal Reserve held interest rates steady; speculation persisted regarding potential rate cuts in the fall. 5.8% PERFORMANCE OF THE MAGNIFICENT SEVEN INDEX IN JULY Investment perspective Last month was characterised by fragile global economic resilience,...

Newsletter | June 2025

Newsletter | June 2025

The US Congress has passed a tax bill that will boost the budget deficit. 7.2% PERFORMANCE OF THE EUROPEAN MID-CAP INDEX IN MAY Investment perspective Geopolitical and economic factors persisted in May, most notably the ongoing impact of punitive tariffs introduced by...

Newsletter | May 2025

Newsletter | May 2025

The IMF has cut its growth forecast for global economic growth this year to 2.8%, compared with 3.3% in January 25.3% PERFORMANCE OF GOLD SINCE THE BEGINNING OF THE YEAR Investment perspective April will be remembered as the month of tit-for-tat tariffs, with the...

Newsletter | April 2025

Newsletter | April 2025

The Swiss National Bank cuts its key interest rate by 25 basis points to 0.25 per cent in March 11.4% PERFORMANCE OF COPPER Investment perspective We have an almost unanimous consensus that recent soft data, such as surveys, are pointing to a likely deterioration in...

Newsletter | March 2025

Newsletter | March 2025

The ECB cuts interest rates to 2.5% as inflation in Europe is under control -8.7% PERFORMANCE OF THE MAGNIFICENT SEVEN Investment perspective The outstanding feature of the beginning of this year has undoubtedly been the remarkable performance of European equities...

Newsletter | February 2025

Newsletter | February 2025

As largely expected, the ECB cut rates by 25 basis points in  January +8.4% PERFORMANCE OF THE SWISS EQUITY INDEX Investment perspective The start of President Trump’s second term was undoubtedly at the forefront of investors’ minds, particularly his stance and...

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