Review & Outlook 21-Q2

Review & outlook July 2021 Our investments have continued to perform well in the second quarter. Global stock market indices are now between 10 % to 25 % higher than at the outbreak of the pandemic in January 2020. This might trick us into thinking the pandemic...

Review & Outlook 21-Q1

Review & Outlook April 2021 Stock markets have performed particularly well since the start of the year in anticipation of a continuing rapid economic recovery. During his first months of office, the newly elected US President has dealt with many issues very...

Review & Outlook 20-Q4

Review & Outlook January 2021 We are still firmly in the grip of the pandemic and a return to the carefree lifestyle we enjoyed before the crisis continues to be a distant prospect as we move into the new year. Even though several vaccines have now been rolled...

Review & Outlook 20-Q3

Review & Outlook October 2020 In spring, the coronavirus pandemic brought global economic activity to a virtual standstill. The economy has recovered a little since then, but is of course still well below the level we were used to before the pandemic. China, which...