Autor: Gérard Piasko, Chief Investment Officer

Interest rate hikes and the reduction in the liquidity made available by central banks are weighing on the equity markets.

Investment Policy, July 2022

Author: Gérard Piasko, Chief Investment Officer

Publications & Events

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Investment Policy

Less oxygen for the financial markets?

The financial markets have now been under the spell of inflation developments for months. Although the rise in consumer prices did not start with the Ukraine war, the conflict has added fuel to the fire. While it is the increase in petrol and food prices that has attracted media headlines, the steady increase in core inflation, i.e. excluding energy and food, is largely being underestimated. Global central banks are responding by hiking interest rates and reducing monetary liquidity, leaving many investments vulnerable, especially those that had enjoyed historically high valuations. We are maintaining our equity position, which we have reduced since the fourth quarter of 2021, and favour more defensive Swiss equities.

Market Comment

“4 minutes with CIO Gérard Piasko”

At the end of June 2022, our Chief Investment Officer, Gérard Piasko, spoke with Marc Jäggi, Head Moderation at Radio 1, about the medium-term monetary policy of the US and Switzerland and the need for further interest rate hikes.

Finance Theme

Decentralised finance (DeFi): the financial system of the future?

Decentralised finance, or “DeFi” for short, is on everyone’s lips. While some expect the new decentralised financial system to replace the traditional industry logic, others believe it is nothing more than hype and will vanish again. What is certain is that DeFi applications are among the fastest growing sectors of the crypto industry and are now worth billions. Only time will tell whether DeFi actually becomes an alternative financial system. However, it is certainly worth looking into already.

Maerki Baumann - Privatbank - Zürich - Journal - Mai 2022

Journal

May 2022 – 90 years of active entrepreneurship: This is Maerki Baumann’s story in a nutshell. It begins with the drive and vigour of the founder Friedrich Maerki and extends to the strategic foresight demonstrated by the siblings Hans G. Syz-Witmer and Dr Carole Schmied-Syz. As shareholders and in their roles as Chairman and Vice-Chairwoman of the Board of Directors, they have been devoted to ensuring the independence and successful further development of our private bank for more than 20 years. You can find various facts as well as anecdotes in our latest edition of “Journal”. You will also learn directly from our owners how a 90-year-old company succeeds in combining tradition with an innovative spirit.

Our publications

Find out more about current market events and topics from the investor's perspective.

Anlagepolitik

Investment Policy

The Investment Policy summarises our company's investment strategy on the macro-economic level as well as from the viewpoint of the individual asset classes.

Marktkommentar

Market Comment

The Market Comment is published monthly and sheds light on current topics from the investor's point of view.

Finanzthema

Finance Theme

In the Finance Theme we cover interesting topics around money and wealth off the daily market developments.

Geschäftsbericht

Annual Report 2021

The annual reports of Maerki Baumann & Co. AG provide an overview of the bank’s business activities, income statement and balance sheet.

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