US meteorologists see a probability above 90% that the current El Niño becomes very strong, and 69% that it becomes historic. These events bring extreme weather across the globe, potentially disrupting a range of agricultural and industrial commodities and feeding through to inflation.
The risk could be compounded by the collapse in transits through the Strait of Hormuz, which is already disrupting critical production inputs. In such an environment, we believe enhancing portfolio diversification is key, particularly through alternative investments.
The Bank is honoured to support Paul Muller, a second-year medical student at the University of Geneva, in his Ironman challenge to fight childhood cancer.
Paul will compete in this year's IRONMAN Nice on 29 June, a legendary triathlon featuring 3.8 km of swimming, 180 km of cycling and a 42 km full marathon. His goal? Raise CHF 50,000 for the Geneva-based CANSEARCH Foundation, which funds vital research in pediatric oncology.
This inspiring initiative reflects values we strongly believe in: commitment, determination, solidarity, and pushing boundaries. We are proud to stand by Paul on this exceptional human and athletic journey!
Despite headwinds: tariffs, export controls and valuation concerns, US mega-cap tech is holding strong. Microsoft, Meta, Alphabetand NVIDIA continue to deliver, powered by AI-led innovation and robust cash flows.
When volatility hits, conviction matters! Staying invested in quality tech may still be the winning play.
With Germany making a historic shift in interest rates, bond markets remain on edge. As rate volatility persists, investors should brace for a bumpy ride ahead in 2025.
In this uncertain environment, maintaining adequate duration diversification across bond portfolios remains a key strategy. Navigating interest rate swings requires flexibility and foresight. Does your allocation reflect the new normal?
