Market analysis: June 2024 | Homeward bound ??
Join Victor Cianni, FRM Alpian's Chief Investment Officer, as he navigates the twists and turns of the markets during June 2024 following the rhythm of one special song. To listen to the song of the month, you can follow our Spotify playlist.
Summer has arrived, though not quite as we expected—with rain and flooding affecting many parts of Switzerland. We hope you're staying safe and dry!
Despite the weather, June has brought significant developments, including the Swiss National Bank's recent interest rate cuts. In this issue, we'll analyse what these changes mean for the markets.??
Internally at Alpian, this June we've worked to introduce a few exciting new features designed to enhance your financial well-being. From virtual cards to our new partnership with American Express to offer you the Platinum Card with special conditions, we're committed to continuously improving your banking experience. While you unwind this summer, rest assured that we're working tirelessly to make banking better for you.??
Now, let's dive into the latest market updates and see how these changes could impact your investments!?
The market at a glance
Homeward bound
“Ladies and gentlemen, this is your captain speaking. We’ve just been cleared to begin our descent." That's probably what many of us will be hearing soon as we prepare for a well-deserved summer break. It is also the discourse central banks have been adopting lately.??
In June, the Swiss National Bank lowered rates for the second time, and the European Central Bank joined the club of central banks initiating interest rate cuts. After a long journey away from normal levels, many investors feel impatient to see monetary policies becoming more accommodative again, a bit like a traveler longing to get home and gazing out the window to see familiar landscapes.??
The iconic folk rock duo Simon & Garfunkel perfectly captured that feeling in their 1966 song "Homeward Bound," which we've picked to accompany our newsletter.?
But what is "home" exactly in financial markets? What is this place that investors are longing for and central bankers are striving to take us to?...??
Key takeaways:
Podcast
Money Mixtape: Your 5-minute financial podcast!?
Love the musical format of our market updates? Tune in to “Money Mixtape” on World Radio Switzerland—a 5-minute show every Monday at 08:45 am that mixes finance with music for fresh, valuable financial insights! Here are this month's episodes, each just 5 minutes—listen and learn!
Episode 1: Your checklist for finding a new bank In light of Flowbank's collapse, learn the essential criteria for choosing a reliable new bank. Listen here.?
Episode 2: Maximising your pension contributions - Pillar 2 Understand how to optimize the second pillar of the pension system to secure your financial future. Listen here.
Episode 3: Maximising your pension contributions - Pillar 3 Explore strategies to make the most of the third pillar of your pension system for maximum benefits. Listen here.
Episode 4: The real cost of investment advice We trust our hard-earned money to financial markets, seeking good advice and solid returns. But how much does this advice really cost? Listen here.
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Alpian
Investing by yourself, with the security of a seatbelt?
We know the thought has crossed your mind—you need to start investing. But actually taking that first step? That's another story. It’s tough to hand over control of your hard-earned money, and we understand. While we excel at managing portfolios, we recognize that many prefer a hands-on approach.?
The challenge? Investing IS daunting without the right knowledge. That’s where Guided by Alpian steps in.?
With this investment solution you get:?
Interested? Give it a try directly in the app or even better: treat yourself to a free consultation with a wealth advisor to discover which investment solution the best match for you to get started.?
Alpian
The story of how "Managed by Alpian" outperformed competitors?
This is the story of us, but mainly, of the clients we're privileged to represent in managing and executing their portfolios. Our goal is to provide the same high-quality services as private banks, but with greater accessibility and transparency. "Managed by Alpian," our discretionary investment mandate, is the cornerstone of this vision, designed to deliver robust, long-term investment strategies that truly benefit our clients.?
For 18 months, we knew our performance was good, but we didn't know how good compared to our competitors. So, we joined Performance Watcher , a network to benchmark our results against the best in the Swiss asset management industry. The surprise arrived: a balanced* "Managed by Alpian" strategy achieved a 12.20% return, significantly outperforming the 9.09% return of the Performance Watcher mid-risk index.?
This confirmation gave us confidence that our innovative investment process and focus on cost-efficiency truly add value for our clients. Our success isn’t just in the numbers; it's also in the strategic choices we make and the calculated risks we take.?
We want to thank our clients for their trust and are proud of these results and our approach to investing. Does this resonate with you? Speak with one of our advisors today about "Managed by Alpian" or "Guided by Alpian," or get started in the app to experience the difference for yourself.?
Disclaimer: Source: Alpian, Performance Watcher. For informational purposes only. TWR performance, net of fees, calculated over the period from 31/12/2022 to 20/06/2024 for the Alpian Balanced composite, which represents the average performance of all discretionary portfolios managed by Alpian with 40% to 60% equities. Individual investment returns may differ due to a variety of factors, including but not limited to, the date of investment and the investment strategy employed. Past performance is no guarantee of future results. Results may vary. This post constitutes marketing material.?