Strategic Questions
In a world shaped by geopolitical tensions, economic uncertainty, and rapid technological change, many questions arise regarding the strategic alignment of an investment portfolio. Here you will find a compilation of frequently asked questions and references to more detailed articles.
1. Should investments in US dollars be hedged?
The US dollar has shown significant fluctuations in recent years: periods of strong appreciation have alternated with rapid corrections. For investments denominated in US dollars, this can have substantial effects on net performance. When does currency hedging make sense—and when not?
2. Is the wave of sustainable business already over?
Not long ago, there was no avoiding the topic of “sustainability.” The conviction that the economy—and thus investment decisions—should absolutely take sustainability criteria into account was widespread. With the political shift of recent years, this seems to have lost momentum—or has it?
3. Is Bitcoin the new gold?
Cryptocurrencies have evolved from a niche phenomenon to an asset class of their own, while remaining highly volatile. Some investors see potential for diversification and value appreciation, while others warn of significant loss risks.
4. Will Asia—and China in particular—overtake America?
Asian countries are strong growth markets. Over the next decade, a significant shift in economic weight from Western markets—North America and Europe—towards Asia is emerging. Asian regions and China are often heavily underrepresented in portfolios. Is it time to rethink this?
5. Are we in an AI bubble?
Artificial intelligence is developing rapidly and fundamentally transforming business models, markets, and competitive landscapes. Companies that use AI or offer products and services in this field may present opportunities for above-average growth, but they also entail substantial risks. This brings to mind a quote by Eugene Fama: “Bubbles are easy to spot in hindsight but hard to predict in real time.”