Our opinion
France’s debt trap: the next stress test for the euro
The financial markets usually only take an interest in sovereign debt when it is already too late. For years, deficits can grow, reforms can be delayed and debt can accumulate without investors reacting. But at some point, perceptions shift. Then the focus is no longer on the causes, but on the cost of financing. France is approaching such a point.
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Harmony is sometimes overrated
Remy Reichmuth on corporate responsibility, the development of Reichmuth & Co and the future of private banking.
Greater Impact Under One Roof
Claudia Ineichen, Managing Director of the Rütli-Foundation, speaks with Nils Güggi, Head of the Swiss Federal Supervisory Authority for Foundations (ESA), about current developments in Switzerland’s foundation sector and the opportunities and challenges shaping its future. Their discussion also explores how philanthropic engagement can be structured effectively, sustainably and with a long-term perspective.
Market commentary 4th quarter 2026
Higher interest rates, geopolitical uncertainty, and growing doubts about the AI boom are currently causing increased nervousness in equity markets. While we expect heightened volatility in the short term, we remain positive on equities over the medium term. Within the AI theme, we continue to focus on companies benefiting from the expansion of AI infrastructure, increasingly on successful adopters of AI, as well as on diversification opportunities that make portfolios more resilient.
AI Euphoria: Why Security Matters Again
Signs of an AI bubble are mounting. Valuations are at record levels, leverage in equity markets is increasing, and the euphoria surrounding AI and technology companies continues unabated.
AI Remains a Key Driver – Selectivity Is Becoming Increasingly Important
Leading US technology companies are set to continue investing substantial sums in artificial intelligence. Increasingly, however, their stock-market performance will depend on whether this spending translates into higher revenues and wider margins.
Market commentary 3rd quarter 2026
The current stock market cycle is characterized by an investment boom in artificial intelligence, energy infrastructure, and defense. In an interview with Stephan Marti, CIO Matthias Ramser explains the key drivers and what investors should be paying particular attention to right now.
For us, the euro and the dollar are now weak currencies
Christof Reichmuth on government debt, the Swiss franc, and the future of investing
The Foundation Board – The Heart of a Successful Foundation
The foundation board is the central governing body, responsible for the strategic direction and the fulfillment of the foundation’s purpose – encompassing everything from organisation to finance.
Global Economy: Investment Boom Is Reshaping the Economic Cycle
Despite geopolitical tensions, higher interest rates, and persistent uncertainty, the global economy continues to demonstrate resilience. Leading indicators such as purchasing managers’ indices, alongside stable consumer spending and labor market data, suggest that the global economy is likely to continue expanding in the short term. Above all, we are observing a structural shift in the drivers of growth. Expansionary fiscal programs and elevated corporate investment are supporting economic momentum across many regions of the world.
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