FERI (Schweiz) stands for comprehensive, individual, transparent and sustainable advice and support. We draw on over 30 years of experience. In collaboration with the other entities of the FERI Group, we offer private investors a wide range of asset management services.

FERI (Schweiz) has unique expertise in asset management and advisory services for discerning clients. The global quality concept is based on the quality investing approach, in which financially sound companies are identified through targeted selection on the basis of various quality characteristics.

Artificial intelligence (AI), the Internet of Things (IoT) and 5G – exponential technologies will trigger a wave of transformation in society and the environment in the coming decades. FERI (Schweiz) now offers the opportunity to actively participate in these developments and to invest in an innovative concept.

FERI’s employees specialise in providing individual, comprehensive and long-term advice to discerning families. We provide solutions for the preservation and growth of family wealth – for this generation and the next. We offer strategic aset planning, advice on implementation, profitability monitoring, risk management, asset protection strategies and sustainability consulting. 

FERI (Schweiz) offers clients a range of advisory services and individual investment solutions to give them clarity as to how compatible their investments are with the United Nations sustainable development goals and increase their understanding of this at the different levels of the investment process.

FERI (Schweiz) has unique expertise in asset management and advisory services for discerning clients. The global quality concept is based on the quality investing approach, in which financially sound companies are identified through targeted selection on the basis of various quality characteristics.

Artificial intelligence (AI), the Internet of Things (IoT) and 5G – exponential technologies will trigger a wave of transformation in society and the environment in the coming decades. FERI (Schweiz) now offers the opportunity to actively participate in these developments and to invest in an innovative concept.

FERI (Schweiz) offers its clients customised solutions and individual investment strategies. Our particular strength lies in mandates with special risk-return targets, which we define individually with our clients

FERI (Schweiz) offers clients a range of advisory services and individual investment solutions to give them clarity as to how compatible their investments are with the United Nations sustainable development goals and increase their understanding of this at the different levels of the investment process.

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FERI Markets Update December 2020 - High Hopes for the New Year

Bad Homburg, 12/14/2020
by Dr. Eduard Baitinger, FERI
  • Vaccine euphoria drives prices to new highs
  • Prospect of a major fundamental recovery
  • Monetary public finance as a long-term risk

This time, the traditional end-of-year rally in the stock markets is being spurred on by the prospect of the imminent deployment of effective Covid-19 vaccines. However, once the vaccine euphoria subsides, the markets, which often appear overbought, are likely to become more fragile. In addition, the economic data in the USA and Europe have recently become gloomier again due to new lockdowns. Overall, however, the outlook for the 2021 stock market year remains positive. The fundamental recovery will be additionally fuelled by ultra-expansive monetary policy and spending-friendly fiscal policy. However, since the stock markets have already priced in large parts of this scenario, investors should not expect prices to rise steadily in 2021. The containment of the pandemic could take much longer than expected due to the vaccination scepticism of many people. It is also unclear how the tensions between the US and China and with countries such as Russia and Iran will develop under the future US President Biden. If the fundamental recovery were to be much faster than expected, the financial markets could also react by raising interest rates. The US equity market would then be particularly affected, which could come under pressure due to the vulnerability of the technology sector to rising interest rates. Although the fundamental recovery scenario generally argues in favour of a more aggressive investment strategy with a focus on sectors that are sensitive to economic cycles, the financial markets would then be forced to react with interest rate increases. However, in view of the overall high valuation levels and the risk scenarios outlined, significant setbacks cannot be ruled out. Investors should therefore prepare themselves for active and flexible risk management in 2021.

The Uncanny Power of Central Banks

The year 2020 has once again shown investors the dominant position of the global central banks. To mitigate the economic consequences of the Corona crisis and to finance the lavish bailout packages of the states, the US Federal Reserve FED, the European Central Bank ECB and other central banks unleashed a veritable flood of liquidity. The international stock markets benefited from this massive expansion of money creation in the course of the year. They are now blindly relying on the central banks to provide virtually unlimited aid in an emergency. This reaction pattern is becoming increasingly worrying, as it means that an ever higher dose of monetary stimulus will be needed in future crises. The close interaction of monetary and fiscal policy in the Corona crisis, which de facto resembles open government financing by the central banks, shows how dangerous this path is. Although liquidity injections and stimulus packages support the economy in the short term, in the long term this policy leads to a steady monetary dilution of the financial system. In this environment, the attractiveness of tangible assets, such as equities and precious metals, clearly increases compared to nominal investments such as government bonds.


About Dr. Eduard Baitinger

Dr. Eduard Baitinger has been Head of Asset Allocation in the FERI Group since 2015. He is responsible for quantitative asset allocation at FERI Trust, where he also manages and coordinates numerous research projects. In close coordination with the FERI Board of Directors and Chief Investment Officer, Dr. Heinz-Werner Rapp, he also represents the investment strategy of the FERI Group and its communication to clients and customers of FERI.

Before joining FERI, he was a research assistant at the University of Bremen and financial analyst for an asset manager. In 2010 he completed his studies at the University of Bremen, accompanied by a stay abroad in New York, as a graduate economist. In 2014, Eduard Baitinger received his doctorate with distinction on new approaches to quantitative asset management. Dr. Baitinger publishes regularly in academic journals and acts as academic reviewer.


About FERI

Founded in 1987 and headquartered in Bad Homburg, Germany, the FERI Group has developed into one of the leading investment houses in the German-speaking area. FERI offers tailor-made solutions for institutional investors, family assets and trusts in the following areas:  

The FERI Cognitive Finance Institute was formed in 2016. It is the strategic research centre and creative think tank of the FERI Group. The Institute focuses on innovative analyses and the development of methods for long-term oriented economic and capital market research. 

FERI and MLP currently have assets of EUR 40.8 billion under management. A total of EUR 9 billion of these assets are alternative investments. The FERI Group is headquartered in Bad Homburg and has offices in Dusseldorf, Hamburg, Luxembourg, Munich, Vienna and Zurich.



Media relations contact

Katja Liese

Member of the Management Board

Corporate Strategy, Marketing and Communications

T +49 (0) 6172 916-3192

F +49 (0) 6172 916-1192

presse@feri.de

FERI AG

Rathausplatz 8-10

D-61348 Bad Homburg

Dr. Eduard Baitinger
Dr. Eduard Baitinger
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Katja Liese
Member of the Management Board
Corporate Strategy, Marketing and Communications

T +49 (0) 6172 916-3192
F +49 (0) 6172 916-1192
presse@feri.de

FERI AG
Rathausplatz 8-10
D-61348 Bad Homburg

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Katja Liese
Member of the Management Board
Corporate Strategy, Marketing and Communications

T +49 (0) 6172 916-3192
F +49 (0) 6172 916-1192
presse@feri.de

FERI AG
Rathausplatz 8-10
D-61348 Bad Homburg

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