Jan 14, 2020
Weekly Investment Focus

“US election won’t knock healthcare stocks down”
In the United States, during the presidential election years, debates on reforming the healthcare system usually penalise the sector… but not always!
Since concerns were already priced last year, 2020 promises to be an excellent year for pharmaceutical, biotechnology and healthcare services stocks.

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Jan 06, 2020
Weekly Investment Focus

“2020: one year to price the cyclical recovery”
Except for a few details, the year 2019 will have looked very much like 2017.
This does not mean that 2020 will have the appearance of 2018…
Two years ago the economic cycle was slowing down, while today it is accelerating:
it is not too late to invest!

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Dec 16, 2019
Weekly Investment Focus

“To invest in oil, do not just focus on OPEC”
Oil prices edge higher as investors digest contrasting figures such as supply growth
by non-OPEC countries and the latest bearish comments from the International Energy Agency (IEA).

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Dec 09, 2019
Weekly Investment Focus

“The Yen is ready to fall again”
The VAT increase and the stimulus package are going to contribute to a jump in inflation rate and,
ultimately, to the depreciation of the Japanese yen. After a long consolidation phase,
the USD/JPY exchange rate should test its strong resistance at 114.75 yen.

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Dec 09, 2019
Weekly Investment Focus

“The strong franc could become stronger”
Since July 2018, the Swiss franc has appreciated by 6.1% against the euro.
Even if its safe-haven status will be less popular with the global economic upturn,
it should not weaken because the SNB will stop selling it and Swiss companies can deal with a strong franc.

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Nov 25, 2019
Weekly Investment Focus

“Don’t be Discreet, but Discretionary”
Consumer discretionary stocks have not outperformed their
benchmark for four years, but they will very soon benefit from the
recovery of the economic cycle, both in the United States and in the
Euro Area.

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Nov 18, 2019
Weekly Investment Focus

“Fears of missing out urge investors to get on the equity train”
After being on the side lines for two years, investors are now rushing into the stock market,
fearing that they will not benefit from the strong rally in a context of increased optimism about global growth.

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Nov 11, 2019
Weekly Investment Focus

“Ready to Get Out of The Woods”
Forest is an attractive asset class for investors due to favourable
portfolio characteristics including high returns, low volatility
and low correlation with other asset classes.

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Nov 04, 2019
Weekly Investment Focus

“Recession or expansion?”
No sign of recession. On the contrary, purchasing
managers for the manufacturing sector are
already beginning to expect an economic
expansion in 2020.

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Nov 01, 2019
Weekly Investment Focus

“This is value’s time to finally shine”
The market’s love affair with growth stocks is coming to an end. There are
more and more investors who want to see beyond the momentum of FAANG,
awaken the Warren Buffett in them and turn to value stocks.

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