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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) offers the opportunity to actively participate in these developments and to invest in an innovative concept.

FERI (Schweiz)’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 a unique expertise in asset management and advisory services for discerning clients. The sustainable 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) 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 (SDG) and increase their understanding of this at the different levels of the investment process.

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Markets Update December 2021 - prospects for year-end rally dim

Bad Homburg, 12/13/2021
by Dr. Eduard Baitinger, FERI
  • Financial markets still under the spell of the Corona pandemic
  • FED tightens monetary policy again
  • Probability of further equity highs declines

After almost two years of the pandemic, the financial markets are once again caught up in Corona fears. The virus variant Omikron, which was discovered in South Africa and which, according to initial preliminary findings, is highly contagious but presumably causes much less severe courses of the disease, is causing uncertainty. The financial markets are currently still weighing up whether the new virus variant actually has the potential to trigger new lockdowns in the industrialized countries and thus cause considerable economic paralysis, or whether this concern will prove to be unfounded. As a result, this uncertainty has led to high volatility in recent weeks. As is often the case, the truth probably lies in the middle: Since the demographic profile in the developed world is much older than in South Africa, the lessons learned there cannot be readily transferred. Moreover, there are still significant vaccination gaps in many industrialized countries. As a result, further pandemic activity is likely to cast at least a moderate cloud over the economic outlook for 2022. In any case, the performance patterns of the past few weeks have shown that U.S. stock markets outperform the rest of the world as Corona risks rise. For one thing, the US equity market as a whole is more defensively oriented than the cyclically sensitive regions of Europe and Japan. Secondly, companies from the technology sector, which are among the corona winners, have a much higher weighting in the relevant US indices than in the international comparison. Against this backdrop, it is advisable for professional investors who want to hedge their portfolios against possible new corona risks to increase their US equity exposure in relative terms.

FED tightens the reins

The monetary policy of the US Federal Reserve has also had a negative impact recently. In view of the renewed increase in inflationary pressure, the Fed has been forced to tighten its measures further and unscheduled. After officially announcing a tightening of its bond purchases only at the beginning of November, there is now every indication that this course will now be tightened again significantly. In addition, the markets now expect at least two interest rate hikes in 2022, with an increasing number of market participants also considering three interest rate steps to be realistic. Against this backdrop, the probability of new equity highs and thus a sustained year-end rally is declining. As inflationary pressures will persist beyond the turn of the year, further monetary policy disruptions can be expected in early 2022. However, it is important to remember that the monetary tightening cycle is still in its early stages. Monetary policy can therefore be expected to remain fundamentally expansionary in 2022, which means that for the time being there is no threat of a genuine bear market on the global stock markets.


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 manage assets of about EUR 53 billion in the Group, including EUR 13 billion in alternative investments. The FERI Group is headquartered in Bad Homburg and has locations in Dusseldorf, Hamburg, Luxembourg, Munich, Vienna and Zurich.



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Katja Liese

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

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Rathausplatz 8-10
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Katja Liese
Member of the Management Board
Head of Press & Communications

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

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Rathausplatz 8-10
D-61348 Bad Homburg

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