There are several reasons why recession fears in the U.S. will increase. At the same time, deflationary pressures are growing in Europe. This means continued downward pressure on long-term interest rates, but we expect a major change in the long-term rates trend in a few months’ time....
 

A weaker dollar makes higher import tariffs feel like a tax hike for the U.S. economy. For financial markets, tariffs pack a harsher punch than a tax increase, risking sharp declines in asset prices. While market turmoil might push Trump to dial back trade tensions further, relief could be fleeting as recession fears are creeping in. Unlock the insights in our report to navigate this stormy economic landscape.
 

Strategic Asset Allocation (SAA) plays a crucial role in an investors’ decision-making process. This report features the quarterly update of three SAA models, their portfolio characteristics and the data we have used to construct the SAA models. In addition, we update the Expected Returns based on the return assumptions of approx. 70 asset managers and present tables with volatility and correlation data for every asset class.