Our documents, all free of charge: the market outlook and the Insights series on bonds and equities. Choose what fits your question; we will send it to you by email.
Because you are invested and need to know whether rates keep rising, the AI rally turns and bond markets hold. Before the market shows you.
Rates, bonds, equities, currencies, commodities: three scenarios, clear positions and the places where we were right too early.
RequestBecause the question bonds or equities is the wrong question, and after twelve pages you will ask the right one.
Opportunities and risks compared: income mechanics, capital protection, volatility, and why the answer is usually a mix.
RequestBecause currency risks ate up entire returns in 2025 and 2026, and that need not happen to anyone who sees it coming.
What investors keep overlooking: high interest as a warning sign, ratings as a snapshot, concentration risks, currency.
RequestBecause a high coupon is not a mark of quality but a price tag for risk, and you learn to read the label.
The value approach in practice: the creditor's view, balance sheet analysis, ratings, diversification, ongoing monitoring.
RequestBecause high yield delivers high single-digit returns in 2026 and a considerable share of CCC issuers still fails.
How high coupons arise and what investors should really watch: default statistics, risk premium, selective use.
RequestBecause a portfolio that considers only three of the four pillars is a pseudo-security that collapses under stress.
The four pillars of a robust income portfolio: issuers, sectors, maturities, rating classes.
RequestAdvertisement. The documents name no individual securities as recommendations and do not replace personal advice.