Thoughts on market events

Modern asset management involves a whole host of measures with the goal of real preservation of capital over the investment horizon. The framework conditions established with the asset owner - such as liquidity requirements, tolerance of fluctuations, the quality of individual components and diversification over different investment classes - are a significant influence in this regard.

A clear analysis and evaluation of the framework conditions is essential to both the fundamental strategic orientation and tactical investment decisions. BPM's flexible "buy and hold" strategy is based on ongoing analysis of the international capital markets and the most likely activity of the key actors in the economic system: private households, companies, banks and national governments as well as their debt levels.

We make our view of the current situation, our prognosis of probable developments and their impact on different investment classes available to our investors through regular publications.


The dawn of traditional fund strategies?

A guest article by Uwe Günther

Investment strategies that were once successful are now barely working. The new super-powers “central banks” are smashing the classic valuation models. Given the manipulations performed by the Fed, ECB and others, the main aim now is to avoid losses.

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Financial markets could suffer 'sudden death'

Football matches and stock markets have a lot in common: 'sudden death', for example. Investors need to secure their equity portfolios in good times to avoid losing the game out of nowhere.

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A much bigger problem is the extremely high level of global indebtedness

The foreseeable end of the debt-cycle that has been going on for some fifteen years now is much worse than Brexit. Investors who fail to act now will end up casualties. Ten actions provide some protection.

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Markets in the wake of debt policy

Austria swinging right, Spain and Portugal swinging left and a possible EU withdrawal by Great Britain, while the USA is gripped by Trump fever. Political crises and growing debts are the biggest dangers for share prices...

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Facts are what matters - not words

Refugee crisis, China crash and negative interest rates - nothing to worry about say government politicians, central banks and a number of commercial banks. But the facts speak for themselves...

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