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Annual outlook

Navigator (Q1 2020).

Central bank behaviour in light of the fear of “Japanification. Geopolitical uncertainty in a multi-polar world. Europe on its path to recovery despite an unresolved Brexit situation. And the likelihood of a third reversal in US national policy after the 2020 election.

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Published 11 December 2019Reading time 1 minAlso in German Navigator

Highlights of the Special Edition

FOCUS THEMES 2020

THE BIG PICTURE

As indicated in the title of this publication, we believe it’s not yet time to say goodbye. Risky assets such as equities continue to be supported by a string of positive headlines. Monetary policy may be reaching its limits. Politics as a key market driver in the near term. And numbers pointing to a recession-free slowdown.

ASSET ALLOCATION

With negative interest rates, traditional concepts of wealth management do no longer meet the high demands of ever-changing financial markets. We make the case for an active and risk-sensitive asset allocation with a distinct focus on capital preservation.

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Tramondo Navigator (Q1 2020), Q1 2020

Read the full Navigator. Q1 2020.

Our in-depth outlook with scenarios, risks and positioning, as published: the edition as a PDF, in English and German.

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This information has been prepared by Tramondo Investment Partners AG irrespective of specific or future investment objectives, a particular financial or tax situation or the individual needs of a particular recipient, and is provided for information only. It does not constitute a solicitation, offer or recommendation to buy, subscribe for or sell any securities or other financial instruments, nor financial, legal or tax advice. Past performance is not necessarily indicative of current or future performance.