During the past four weeks, we have witnessed record inflows for European equities, pushing the already extended Stoxx 600 index to new record highs. Now the market looks even more exuberant, and we can’t change our view that such a setup will be difficult to stomach in the coming weeks. The S&P 500 remains in a trading range, and as previously mentioned, the outperforming sectors cannot fully compensate for the weakness we are seeing in large cap technology stocks as well as

Trusts are among the most widely used tools in private wealth planning.They are also among the most misunderstood. Too often, trusts are discussed primarily as legal structures or tax-driven solutions. In practice, however, their success or failure has far less to do with technical sophistication than with clarity of intent, quality of trusteeship, and an honest understanding of human behaviour over time. This observation sits at the heart of Trusts Unpacked , our new podcast

Investing has been and will always be a journey. For Warren Buffet, the ultimate benchmark for investors, it has lasted 65 years, with an annualized performance of 19.9% vs. the S&P500 of 10.4%. An absolutely stunning achievement and Mr. Buffet will remain the ultimate role model for every portfolio manager, certainly for us. While Mr. Buffet had the opportunity to accumulate assets during the secular bear market of the 70’s, we have started our test portfolio just 2 weeks be

We are pleased to announce that Martin Pichlik has joined Clavis Partners AG as Managing Partner. Martin is a highly accomplished leader with 28 years of experience in Banking and Wealth Management. Prior to joining Clavis Partners AG, he was the Market Head for Central and Eastern Europe at Julius Baer, where he led teams in Zurich, Vienna, Luxembourg, London, Monaco, and Dubai. With his profound market expertise and a proven track record in executive leadership, Martin is a

During the past four weeks, equity markets were able to capitalize on seasonality, which is usually bullish for the month of January. The performance of the Stoxx 600 (+3.07%) was driven by ASML Holding, which gained more than 30.00% and lifted the Dutch AEX 5.29%. The Swiss Market SMI underperformed (-0.60%) together with the German DAX (+0.20%). Another positive outlier was the UK FTSE 100 (+2.94%), which saw strong gains in the industrial and materials sectors. As mentione

December was almost a perfect repeat of November, where equity indices traded sideways, with a sell-off mid-month following a recovery during the last week, that was slightly less successful this time than during November, as stocks could not find strong bids during the last two trading days and dropped once again. While the MSCI World posted its 9th consecutive monthly gain, the S&P 500 lost 0.05%, ending its 7-month winning streak. If we look at the 3-month performance tabl