Strategic Considerations
In a world characterized by geopolitical tensions, economic uncertainty, and rapid technological change, many questions arise regarding the strategic orientation of a portfolio. Here you will find a compilation of frequently asked questions and references to detailed articles.
1. Should investments in US dollars be hedged?
The US dollar has fluctuated significantly in recent years: phases of strong appreciation have alternated with rapid corrections. For investments in US dollars, this can have a considerable impact on net performance. When does currency hedging make sense - and when not?
2. Is the wave of sustainable economic activity over?
Not so long ago, there was no way around the topic of "sustainability". The conviction that the economy, and therefore also investment decisions, should definitely take sustainability criteria into account was on everyone's lips. With the change in political winds in recent years, this seems to be no longer the case - or is it?
3. Is Bitcoin the new gold?
Cryptocurrencies have evolved from a niche to an asset class in their own right, while remaining highly volatile. While some investors see potential for diversification and value appreciation, others warn of considerable risks of loss.
4. Are Asia and China in particular overtaking America?
Asian countries are strong growth markets. Over the next decade, there will be a clear shift in emphasis from the western markets - North America and Europe - to Asia. Asian regions and China are often significantly underrepresented in portfolios. Is a rethink needed here?
5. Are we in an AI bubble?
Artificial intelligence is developing rapidly and is fundamentally changing business models, markets and competitive situations. Companies that use AI or offer products and services in this area can offer opportunities for above-average growth, but also harbor significant risks. This brings to mind a quote from Eugene Fama: "Bubbles are easy to recognize in retrospect, but difficult to predict in real time."
