After the "shock" of last year, stock markets have stabilized, respectively, are clearly up since the beginning of the year. It is mainly the technology and communication sectors that explain the plus in the stock indices.In anticipation of declining inflationary pressure in the medium term, bond yields have stabilized or have fallen slightly. In the case of short-term money market investments, investors can continue to benefit from rising interest rates.

In the second quarter, most investment strategies recorded a plus, i.e. the positive performance since the beginning of the year was extended. The higher the equity allocation, the greater this increase. Overall, investment results of between 2 % and around 6 % are expected for the first half of 2023 (note: reference currencies CHF and EUR).

Calculation LMM; Period 01.01.– 06.30.2023

Note: the figures are before costs
Calculation LMM; Period 01. 01.– 06.30.2023