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CIO VIEW – Heading for some kind of normality

The economy is starting a new cycle while capital markets are showing typical late-cycle characteristics. Overall, this makes us optimistic.

Jul 01, 2021 Macro

Market Outlook | Things are so good that it's time for a break

A buoyant economic recovery, record stock markets and calm bond markets. Things have been going all too well and the next surprises are unlikely to be positive.
Jun 01, 2021 ESG

Blue economy: A new twist in an old tragedy

Markets and policymakers are finally waking up to the challenges and opportunities of protecting marine ecosystems, while simultaneously promoting sustainable development.
Jun 02, 2021 Forecasts

Our forecasts

All forecasts at a glance
Jun 02, 2021 Letter to Investors

Recovery on track - time to take a break

The economy is coping well with Covid-19 but we continue to expect low interest rates. The conditions for risk investments would look good if it weren't for valuations.

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