Pourquoi la Fed devrait poursuivre ses réductions de taux

The euro investment-grade (IG) credit market has historically delivered an average annual return of +2.8% since 2005. However, the past five years have proven particularly challenging, with returns stagnating at around 0.0%. This period was marked by a sharp 15% drawdown in 2022, driven by the energy crisis and surging inflation.

Nombre de baby-boomers sont entrés dans une phase de «décumulation». Pour eux, la priorité n’est plus à l’appréciation du capital mais à la stabilité des revenus. Dans ce contexte, la diversification et le «portage» (à savoir les revenus provenant des coupons) apparaissent essentiels. Les investisseurs apprécient en effet les rendements stables offerts par les obligations, et en particulier, s’ils s’accompagnent d’une volatilité maîtrisée. En cela, la dette des marchés émergents permet également une excellente diversification.

Ten years on from the Paris Agreement, COP30 is being held at an extremely pivotal moment for climate change action, the global community, and the Earth itself. The COP30 President, Ambassador André Corrêa do Lago, has called for the accelerated implementation of the Paris Agreement at this critical time, hoping that COP30 will be a summit of solutions. As is tradition at UBP, we have put together our own wish list for what we hope can be achieved at this year’s COP summit.

The European office market is undergoing a profound transformation, driven by shifting tenant expectations, environmental priorities, and evolving investment trends. Here, Union Bancaire Privée’s (UBP) experts examine how these changes are reshaping the sector and where opportunities may lie for forward-thinking investors.

UBP’s Alternative Investment Solutions team has reported strong performances for Q3 2025 and here share their strategic insights for Q4 and beyond.

This white paper delves into the transformative potential of infrastructure investments in addressing critical global challenges, including climate change, urbanisation, and technological advancements.

Despite headlines of fiscal risks and political unrest, Colombia, Chile, and Peru are defying expectations with their appreciating currencies, credible policies, and strong economic fundamentals.

Just as tectonic plate movements can trigger earthquakes and reshape landscapes, financial tectonics shifts are being driven by three forces that are compelling investors to rethink their approach to bond markets: the fragmentation of the global economy, fiscal indiscipline, and the tsunami of passive investing.