There are days when certain investment products such as equities break out to new heights. Sometimes it is difficult as an investor to find out why: A media release issued by the company announcing an innovative product? The publication of very good annual figures that exceed the analysts’ expectations? Alternatively – like happened in January 2021 – collusion among investors, whose purchases made the share price shoot up. Our Investment Manager, Philippe Hungerbühler, explains to you, clearly and concisely, what happens when such collusion happens, and the challenges they present for investors. He also explains how Maerki Baumann reacts in the face of such volatile short-term trends. (video only available in German.) Warning: This is a YouTube video. If you play the video, YouTube can track you. “Do have the courage to say no to volatile short-term trends. Invest for the long term and in keeping with our guiding principle “security over return”.” Philippe Hungerbühler, Investment Manager Philippe Hungerbühler Philippe Hungerbühler has worked for our bank as an Investment Manager since 2019. Before that, he was responsible for global equities at GAM, where he was co-portfolio manager for the Global Equity Income Fund. He began his career at Pictet & Cie. in Zurich. Philippe Hungerbühler has a Master of Arts from Zurich University and is a CFA Charterholder. Important legal information: This video is intended for information and marketing purposes only, and is not geared to the conclusion of a contract. It only contains the investment policy of Maerki Baumann & Co. AG (hereinafter MBC) and an assessment of selected financial instruments. Consequently, this video does not constitute investment advice or a specific individual investment recommendation, and is not an offer for the purchase or sale of investment instruments. The question of whether to follow a recommendation from MBC is the sole responsibility of the investor, who assumes all the risks relating to his or her investment decisions, even if the decisions are based on a recommendation of MBC. Investments in any financial product should only be made after a thorough inspection of the most recent relevant legal documentation, taking into consideration any sales restrictions and risk factors mentioned. This video contains statements and information from sources that MBC considers to be reliable. Although MBC has made every effort to ensure that the information in this video was correct at the time it was compiled, MBC can offer no undertaking or guarantee, either expressly or implicitly, regarding the correctness, reliability or completeness of the said information and opinions. Any opinions expressed in this video solely reflect those of MBC at the time of publication (subject to change). The information contained in this video may already have been used by MBC, its bodies or its employees prior to publishing. In addition, a relationship may exist or have existed between bodies or employees of MBC and companies mentioned in this video. The information and assessments contained herein may be changed at any time. MBC accepts no liability whatsoever for the content of this video. In particular, it accepts no liability for losses of any kind, whether direct, indirect or consequential, incurred as a result of using the information contained in this video and/or that could arise from the risks inherent in the financial markets. Investors should note that past performance of an investment is no guarantee of future results, and that investments may increase or decrease in value, and the investor may be required to make additional payments for certain products. Moreover, investments denominated in foreign currencies are also subject to exchange rate fluctuations, which can affect their performance. The information in this video is in no way to be understood as an assurance of future performance. MBC does not provide any legal or tax advice. Before buying any of the financial instruments in this video, therefore, the investor must obtain independent legal or tax advice regarding the suitability of such investments, as tax treatment always depends on the personal circumstances and can change at any time. This video also covers a number of countries, which is why there is a risk that certain products may be suboptimal or even detrimental for an individual investor in terms of tax. Moreover, the information contained in this video on EU savings tax and transparency under German tax law may change at any time. In accordance with the Federal Law on Banks and Savings Banks, in the event of bankruptcy of any Swiss bank all safe custody assets (securities, precious metals, etc.) can be segregated and deposits, particularly bank accounts up to CHF 100,000, protected by the Agreement by Swiss Banks and Securities Dealers on Deposit Insurance. Editorial deadline: 11 February 2021 Maerki Baumann & Co. AG Dreikönigstrasse 6, CH-8002 Zurich T +41 44 286 25 25, info@maerki-baumann.ch www.maerki-baumann.ch