valid from 19.11.2024
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Model portfolios – Swiss focus
Momentum
The financial markets were dominated by US politics last month. Following the election of Donald Trump as the next US president, the US stock markets soared. In particular, companies that are likely to benefit from Trump's promised tax cuts and deregulation, such as the financial sector, made strong gains. It seems quite possible that the momentum on the US equity markets will continue in the short term. We are therefore reducing our underweight in US equities at the expense of liquidity.