BNP Paribas Wealth Management

Edmund Shing, Global Chief Investment Officer and Guy Ertz, Deputy Global Chief Investment Officer, discuss Switzerland’s economy and financial markets.   Economic growth and currency prospects in Switzerland What is the Swiss National Bank doing to tackle deflation risks and manage currency strengh? Market expectations for rates and yields in the coming months.  Opportunities in Swiss bond and eq...

In this podcast, Edmund Shing, Global Chief Investment Officer, BNP Paribas Wealth Management, explains a simple investing system that investors can execute themselves on a monthly basis and that has very encouraging long-term results.   How does the system determine whether to invest in stocks or bonds at the end of each month? What were the average annual returns and risk characteristics of this...

In this podcast, Edmund Shing, Chief Investment Officer of BNP Paribas Wealth Management, encourages investors to ride out the current volatility and difficult patch in the markets by focusing on the long term.   Why are we seeing volatility in the markets? Taking stock of the 12-month performances What could trigger a further rebound in stock markets in the short term? Hosted on Ausha. See ausha....

In this podcast, Edmund Shing, Global Chief Investment Officer, discusses the challenges of predicting recessions, the significance of the VIX volatility index, and investment recommendations for navigating uncertain economic times. Difficulty in predicting recessions - Economists historically struggle with forecasting the timing of recessions due to the complexity of business cycles. Stock market...

Dans ce podcast, Edmund Shing, Global Chief Investment Officer, dévoile sa stratégie d'investissement pour avril 2025 :   Hausse massive des droits de douane américains : il s'agit de l'une des plus importantes augmentations de droits de douane dans l'histoire des États-Unis. Leur taux effectif passera probablement d'environ 2,5 % avant Trump 2.0 à 22 %. Il s'agit du niveau le plus élevé depuis 19...

Edmund Shing, Global Chief Investment Officer of BNP Paribas Wealth Management unveils his convictions for April 2025:   Massive US tariff hike: this represents one of the biggest tariff increases in the history of the US. It will probably take the effective tariff rate from around 2.5% pre-Trump 2.0 to 22% currently. This is highest level since 1910. The announced tariffs are significantly larger...

In this podcast, Edmund Shing, Global Chief Investment Officer, discusses the risks to the American stock market from shifting foreign investor flows. Foreign investors have significantly increased their holdings in US financial assets, totaling 10 trillion dollars between 2020 and 2024, with European investors holding 49% of these assets. The S&P 500 is currently expensive at 20x forward PE c...

Dans ce podcast, Jeremy Fasquelle et Edouard Desbonnets, Senior Investment Strategist, discutent des risques pour le marché boursier américain liés aux flux d'investisseurs étrangers fluctuant Les investisseurs étrangers ont considérablement augmenté leurs avoirs en actifs financiers américains, totalisant 10 trillions de dollars entre 2020 et 2024, les investisseurs européens détenant 49 % de ces...

In this podcast, Edmund Shing, Global Chief Investment Officer at BNP Paribas Wealth Management, discusses the bearish sentiment among US investors and the possible implications for future returns from US stocks.   Performance of the Nasdaq 100 tech heavy index since mid-February What does the AAII Weekly Retail Investor Sentiment Survey reveal? How have contrarian indicators historically coincide...

Edmund Shing, Chief Investment Officer of BNP Paribas Wealth Management, discusses market corrections. Past market corrections Triggers of the current S&P 500 index correction Are we headed for an economic recession in the US? What are measures of risk in the financial markets showing? Why we think investors should not panic Hosted on Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing, Chief Investment Officer, challenges the conventional wisdom around American exceptionalism. ·         Is the US really so exceptional and can this exceptionalism really continue over the long term? ·         Analysis of US stock performance ·         Should investors look to other regions? ·         The commoditisation of AI: who wins, who loses? Hosted on Ausha. See ausha.co/privac...

In this podcast, our Chief Investment Officer in Asia, Prashant Bhayani shares our latest view on DeepSeek development, addressing the following questions:   ■ Implications of DeepSeek on global technology sector?   ■ Can global investors ignore China equities?   ■ What is the upside from here? Hosted on Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edmund Shing, Global Chief Investment Officer, dévoile ses convictions pour février 2025   Les droits de douane de Trump Impact des tarifs douaniers sur l'économie mondiale DeepSeek bouleverse le secteur de l'IA Changement de leadership sur le marché avec les banques et l'industrie en tête Principales recommandations pour février 2025 Hosted on Ausha. See ausha.co/privacy-policy f...

In this podcast, Edmund Shing, Global Chief Investment Officer, unveils his convictions for February 2025 Trump's customs duties Impact of tariffs on the global economy DeepSeek disrupts the AI sector Change in market leadership with banks and industrials taking the lead Key convictions for February 2025 Hosted on Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edouard Desbonnets et Guy Ertz discutent des obligations d'entreprises à haut rendement en euros. Quels ont été les moteurs de leur performance en 2024 ? La performance remarquable de 2024 peut-elle se répéter en 2025 ? Quels sont les risques à venir ? Et comment se comparent-elles aux obligations euro investment grade et aux obligations américaines à haut rendement ? Hosted on Au...

In this podcast, Edouard Desbonnets and Guy Ertz discuss euro high yield corporate bonds. What drove their performance in 2024? Can the remarkable performance of 2024 be repeated in 2025? What are the risks ahead? And how do they compare with euro investment grade and US high yield bonds? Hosted on Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edmund Shing, Global Chief Investment Officer de BNP Paribas Wealth Management, dévoile sa stratégie d’investissement pour le mois de janvier 2025.     ·         Comment les marchés se sont-ils comportés en 2024 et quelles sont vos perspectives pour 2025 ? ·         Pourquoi parlez-vous d'économie à deux vitesses ?   ·         Quelles sont les perspectives sur les taux d’intérêt d...

In this podcast Edmund Shing, Global Chief Investment Officer of BNP Paribas Wealth Management unveils his investment strategy for January 2025 .   ·         How did the markets perform in 2024 and what is your outlook for 2025? ·         Can you explain the two-speed economy?  ·         How do you expect benchmark interest rates to evolve this year? ·         What do you expect from Trump 2.0? · ...

In this podcast, Edmund Shing, Global Chief Investment Officer and Guy Ertz, unveils The Investment Themes 2025. Surfing the monetary easing wave  Infrastructure: the new industrial revolution Enjoy diversification: still a “free lunch” Monetising AI Healthy longevity: the Holy Grail Hosted on Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edmund Shing,  Global Chief Investment Officer, Guy Ertz, Deputy Chief Investment Officer et Isabelle Enos, Responsable Stratégie Marchés dévoilent les thèmes d'investissement 2025 : Surfer sur la vague de l’assouplissement monétaire Infrastructures : la nouvelle révolution industrielle La diversification reste toujours le maître-mot Monétiser l’IA « Vieillir jeune », la révolutio...

In this podcast Edmund Shing, Chief Investment Officer of BNP Paribas Wealth Management, looks at investment opportunities in Europe in the current economic, market and political environment.    ·         Where are we seeing an excessive level of US retail investor optimism in the markets? ·         Conversely why is there so much pessimism around the outlook for Europe? ·         Which sectors do...

Dans ce podcast, Guy Ertz, Deputy Global CIO et Édouard Desbonnets, Senior Investment Strategist, évoquent les conséquences macroéconomiques des résultats des élections américaines : Les principaux déterminants sur un horizon de 6 à 12 mois d'un taux de change entre deux devises sont les différentiels de taux d’intérêt et de rendements attendus des classes d’actifs. Sur le long terme, le facteur d...

In this podcast, Guy Ertz, Deputy Global CIO and Édouard Desbonnets, Senior Investment Strategist, discuss about the macroeconomic consequences of the US elections' outcome: The key determinants over a 6-to-12-month horizon for an exchange rate between two currencies are the differentials in interest rates and expected returns for assets. Over the long-term, the key determinant is the so-called pu...

Dans ce podcast, Edouard Desbonnets évoque l'impact de la réélection du président Trump et du contrôle par le Parti républicain des sièges de pouvoir majeurs aux États-Unis. Le "Trump 2.0" a conduit à un dollar américain plus fort, des rendements obligataires plus élevés, une vente massive de l'or et des actions américaines plus élevées, bénéficiant particulièrement aux petites capitalisations. Le...

In this podcast, Edmund Shing discusses the impact of President Trump's re-election and the Republican Party's control of major seats of power in the US. The "Trump trade 2.0" has led to a stronger US dollar, higher bond yields, a sell-off in gold, and higher US stocks, particularly benefiting US small cap stocks. The main drivers are expectations of lower corporate taxes, deregulation, and higher...