The great bitcoin illusion
America has the most crypto-friendly president ever. Donald Trump has created a bitcoin reserve for the government. He has released crypto criminals. Americans can now include crypto in their pensions. And he halted Biden’s strict crypto policy. If bitcoin cannot rise now, when can it?
As ASML tops Europe, questions about the ‘Winner’s Curse’ return
ASML shares took a hit last week, after the company had risen in January to become Europe’s largest listed company. That has once again fuelled the question of whether the Dutch chip-equipment maker has become too big, too loved and too expensive. But how convincing are those doubts, really?
Record outflows from ESG funds, but that’s not the full story
Sustainable funds recorded their first full year of net outflows in 2025, after investors withdrew 84 billion dollars from ESG strategies worldwide, according to Morningstar data. While the headline figure suggests a sharp break with previous years, Morningstar said it overstates the extent to which investors are abandoning sustainable investing.
Time to rethink Dividend investing?
As interest rates stabilise and traditional sources of income come under pressure, dividend investing is quietly regaining relevance.
Saxo strategist: ‘Even in a fragmenting world, it is best to invest with regional diversification’
In the new multipolar world order, globalization is a thing of the past. Yet Charu Chanana, chief investment strategist at Saxo, still advises investors to allocate capital across continents. She recently flew in from Singapore for a European roadshow with investors.
Chart of the week: inflation concerns, unfiltered
With a new Fed chair on the way, subject to approval by the U.S. Senate, it seemed like a good moment to take another look at “inflation.” And especially at inflation expectations, because they largely determine the behavior of consumers and investors alike. What I see is far from reassuring.
Why the Fed is special and why Warsh’s appointment matters
The appointment of Kevin Warsh as the new chair of the Federal Reserve was met with relief by markets worldwide. Gold crashed 9 percent, silver 28 percent. It was not only American investors who reacted. The whole world was watching. And that is exactly the point.
Global economy appears to be gaining momentum
After a year marked by stable and moderate global growth despite rising tariffs, the global economy now appears to be gaining momentum, note Guy Wagner and his team in their latest monthly market report "Highlights".
Morningstar: MFS vs T. Rowe Price in USD moderate allocation
Multi-asset benchmarks assume costless and frictionless implementation, setting a high bar for allocation funds to outperform after fees. Even so, these “one-stop-shop” solutions remain appealing for many investors.
Five-year plan guides renewed China allocation
Chinese equities have outperformed Wall Street for two consecutive years, yet the label ‘uninvestable’ continues to stick, analysts say. China bulls have not abandoned the market, but they remain divided over whether state-owned enterprises should be kept or avoided.