Our latest articles, market insights and CIO Flash Notes — all in one place.
CIO Flash Notes · Michel Schiffelholz
We are launching our Thematic Alpha
4 August 2026
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Article6 March 20261172 views
Security and defense issues have become one of the strategic pillars for the long term in a context where geopolitical risks are multiplying. The international environment, marked by persistent instability, reinforces the importance of a…
Article26 February 20261232 views
The rapid rise of artificial intelligence, cloud computing and data centers is generating a structural increase in electricity demand. This new demand places energy companies and grid operators at the very core of this transformation.…
Article25 February 2026625 views
Recent days have been marked by renewed geopolitical tension with Iran and a fresh wave of trade uncertainty following the US Supreme Court’s decision on Trump’s tariffs. This adds to the ongoing “AI scare trade,” which continues to weigh…
Article18 February 2026631 views
Emerging markets are making a remarkable comeback, both in the minds and portfolios of investors. After a remarkable 2025 (+34%), the iShares MSCI Emerging Markets Index is accelerating even further, rising by nearly 12% in the first six…
Article16 February 2026609 views
Amid continued weakness in US large caps and sharp rotations both across and within sectors driven by the AI scare trade, several positive signals are being overlooked by markets: Earnings season remains strong in the US (but weak in…
Article9 February 2026744 views
Market moves continue to be intense, with heightened volatility in technology, precious metals, cryptocurrencies, and energy, amid ongoing talks between the US and Iran. On the macro front, last week’s data on job openings continued to…
Article2 February 2026726 views
Before delving into Europe’s better-than-expected macro backdrop and its significance for small caps, we thought it would be relevant to share our views on the long-overdue nomination of the next Fed chair and the associated market…
Article26 January 2026701 views
Amid renewed geopolitical tensions at the start of 2026, gold and silver entered another leg higher. Notably, prices have continued to advance even as tensions surrounding Greenland have eased in recent days. The “America First” agenda,…
Article26 January 2026712 views
The “MEGA” European Renewal basket has recorded an impressive performance of +30% since its launch on March 13, 2025 ( see article from March 28, 2025). During the same period, Eurostoxx performance was of +10.50%. source: Kepler Cheuvreux…
Article13 January 20261515 views
After an exceptional year in 2025 (+49.9%), Brazil remains in 2026 a key market, supported by falling rates, attractive valuations, and solid fundamentals. This analysis is part of our AMC Emerging Markets ex China product, developed in…
Article12 January 2026788 views
Dear readers, we hope you had a good break, because 2026 is going to be anything but quiet. Trump is all fired up, omnipresent, with the mid-terms on the horizon at the end of the year and the memory of the defeat in 2018. He wants to…
Article6 January 2026762 views
As we step into 2026, we’re back to sharing our insights and providing fresh perspectives on market developments. We wish you all a very happy and prosperous 2026! Back in December, we titled our yearly outlook “ Tough on a tightrope ”…
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