News

After several years dominated by a small group of mega-cap stocks, the market environment is changing.

Global equities advanced, driven by strong US technology earnings, while fixed income markets slipped as yields moved higher and central banks maintained a cautious stance.

As global wealth management becomes more complex, external asset managers (EAMs) are operating under increasing pressure to deliver performance, manage costs, and differentiate their propositions.

Global markets are navigating a fragile balance between resilient growth, persistent geopolitical tensions and cautious central banks.

Nicolas Faller, Co-CEO d’UBP Asset Management, qui gère EUR 34 milliards, se montre confiant quant à une résolution rapide du conflit en Iran.

Investors reacted positively to a further de-escalation in the Middle East last week.

Following the announcement of a two-week US–Iran ceasefire on Tuesday, 7 April, risk assets were supported by the perception that the worst may have been avoided.

Le segment des gestionnaires de fortune indépendants (GFI) représente une partie importante de l’activité de l’Union Bancaire Privée (UBP), totalisant près de CHF 23 milliards d’actifs sous gestion à fin 2025. Rencontre avec Sérène El Masri, CEO d’UBP Monaco.

Headlines about a potential ceasefire in the Middle East have started to appear, though visibility on the geopolitical outcome remains limited.

The recent escalation in the Middle East has materially changed the tone of markets and prompted us to revise our base case scenario, notably on energy.

Back in January, the dominant narrative in private credit was that negative headlines pointed to isolated events and a normalisation of flows, not systemic credit stress. Today, the picture is evolving.

As the Middle East conflict enters its fifth week, recent developments are pointing to a clear shift from an initial oil disruption towards a broadening supply shock.