Swiss asset management giant Pictet has launched three new US-listed ETFs, marking its strategic entry into the highly competitive American exchange-traded fund market. The debut features two funds targeting artificial intelligence investments and a third focused on clean economy sectors, representing a significant test for the $800 billion firm as it competes against approximately 4,500 existing products in the crowded US ETF landscape.
about Pictet Launches AI & Clean Economy ETFs in US MarketPictet
0 in Finance and 0 in Crypto last weekUBS, Pictet Supplier Denies Ransom Payment Amid Scrutiny
Chain-IQ, a supplier to Swiss banking giants UBS and Pictet, has denied allegations of paying a ransom, as reported by Swiss media. The firm’s founder, Claudio Cisullo, who also sits on the board of Ringier (publisher of ‘Blick’ and ‘NZZ am Sonntag’), is under increasing scrutiny. The case highlights potential risks in corporate governance and the interconnected nature of Swiss finance and media.
about UBS, Pictet Supplier Denies Ransom Payment Amid ScrutinyTrump’s Tariffs Trigger Swiss Bank Crisis
Swiss banks like UBS and Julius Bär are reeling from the impact of Trump’s tariffs, with their heavy reliance on US markets and dollar-denominated assets proving disastrous. As US stocks drop by 20% and the dollar weakens, fee income for wealth management services is collapsing. With personnel costs making up 70% of expenses, massive job cuts appear inevitable. The situation is exacerbated by Trump’s deliberate efforts to weaken the dollar to counter trade imbalances. This perfect storm of falling markets and currency devaluation threatens Zurich’s standing as a financial hub, with banks forced to implement drastic cost-cutting measures to survive the crisis.
about Trump's Tariffs Trigger Swiss Bank CrisisSwiss equities and bonds show strong long-term performance in 2024
Pictet’s long-term study reveals that Swiss equities and bonds have shown positive performance, with average annual returns of 4.0% for bonds and 7.7% for equities since 1926. A balanced portfolio yields 6.6%, and long holding periods significantly increase the likelihood of positive returns. In 2024, Swiss bonds achieved a nominal yield of 5.3%, while the Swiss Performance Index returned 6.2%, both reflecting a recovery from previous downturns.
about Swiss equities and bonds show strong long-term performance in 2024Barclays Switzerland appoints Mathias Gonzalez as new Chief Investment Officer
Barclays Switzerland has appointed Mathias Gonzalez as the new Chief Investment Officer, overseeing investments for both Switzerland and Dubai. With over 20 years of experience in the investment sector, he will lead the Private Bank’s investment business and collaborate with private bankers to create tailored solutions for ultra-high-net-worth clients. His appointment reflects the growing interest in investment opportunities in the Middle East while maintaining Switzerland’s appeal for its stability.
about Barclays Switzerland appoints Mathias Gonzalez as new Chief Investment OfficerGenvil’s Journey: Building a Boutique Wealth Management Firm in Geneva
Genvil, a boutique wealth management firm founded by François Savary, Cédric Mondada, and Natalia Souto, emphasizes independence, transparency, and personalized service. With a focus on stabilizing operations and maintaining client trust, Genvil aims to adapt to emerging financial trends while prioritizing client satisfaction and compliance. The firm’s investment strategy is rooted in a top-down approach, ensuring tailored asset management for a geographically diverse clientele.
about Genvil's Journey: Building a Boutique Wealth Management Firm in Geneva