Global CIO View

Latest Articles

13-Jul-26 CIO Special

High-yield bonds under a new rates regime

How risk, valuation and liquidity are evolving in credit markets
10-Jul-26 Chart of the week

Semiconductors: good news already priced in

AI is driving earnings and markets. But after the rally, the risk-reward balance is becoming more demanding
08-Jul-26 CIO Special

Berlin’s undersold big reform package

Berlin’s 34‑point reform program could be a major success because it addresses a multitude of challenges. Patience might pay off for investors.
03-Jul-26 Chart of the week

Inflation risks on the horizon

Past El Niño episodes show agricultural prices can react late and unevenly. Nevertheless, the current risks need to be taken seriously.
03-Jul-26 Investment Traffic Lights

Investment Traffic Lights

The monthly Investment Traffic Lights provide a detailed market analysis and our view on developments in the main asset classes. 
26-Jun-26 Chart of the week

UK gilts follow global yield trends

Why UK yields are now driven more by global rates than domestic politics

CIO View