Mar 12, 2018
LGT reports excellent results
LGT reported strong net asset inflows and a significant increase in profits for the 2017 financial year. Group profit for the full year rose 23% to CHF 283.4 million. Net asset inflows, excluding acquired assets, amounted to CHF 17.7 billion, which corresponds to organic growth of 12%. As at the end of 2017, assets under management increased by a total of 33% to CHF 201.8 billion.
Mar 20, 2018
LGT Navigator: Investors switch in risk off mode
While investors are keeping an eye on the upcoming interest rate decision of the US Federal Reserve, the current G20 meeting in Buenos Aires and the development around the trade conflict with the USA, a wave of selling technology stocks (particularly Facebook – read more in today’s equities commentary) put pressure on the stock market indices at the start of the week. In Asia, stocks followed the weak lead from Europe and Wall Street.
Mar 19, 2018
LGT Navigator: Trade policies, G20 and Fed determine sentiment
This week, the issue of protective tariffs is likely to remain in the spotlight after China warned the US of the consequences of a trade war. Additionally the G20 foreign ministers and central bank heads will meet in Buenos Aires. Latest US economic data came in overall convincing as the University of Michigan's confidence barometer reached its highest level in 14 years in March thanks also to tax cuts.
Mar 16, 2018
LGT Navigator: Trump’s staff management keeps markets in check
Sentiment on the stock markets continues to be determined by investors' fears of a global trading conflict. Trump's preferred candidate for the post of top economic advisor, TV presenter and economist Larry Kudlow, has already been on a more aggressive confrontational course with the EU and China. Turbulences surrounding Trump’s cabinet continue with the replacement of National Security Advisor McMaster.
Mar 15, 2018
LGT Beacon: A volatile but welcome normalization process
The recent selloff reintroduced caution among investors. For the first time in years, markets are asking for a risk premium for various uncertainties. This is part of a welcome - but at times difficult - normalization. We thus believe our strategy, which combines a modest equity overweight with a defensive and countercyclical bias, remains appropriate.