Outlook
& news.

By making the imposition of new tariffs conditional on Europe's acceptance of its plan to acquire Greenland, Donald Trump is taking a further step in the use of trade as an instrument of geopolitical constraint. The announcement of 10% taxes, which are set to rise to 25% from the summer, directly targets several European economic pillars, from France to Germany, the United Kingdom and the Nordic countries. 

•    Between public pressure on Jerome Powell and threats of intervention in Iran, Donald Trump is fuelling uncertainty; however, the Fed considers its monetary policy appropriate, and no rate cut is expected at the next meeting.
•    In Japan, the Prime Minister is considering dissolving parliament and calling early elections to strengthen her majority and ease the implementation of her stimulus agenda.
•    In Europe, long-term yields have fully played their role as a safe haven, falling over the week, while gold has continued to rise.

The current year has been marked by a significant rise in equity indices, but also by a particular performance with an extreme concentration on a few major stocks.

Amethis Investment Fund Manager S.A., the alternative investment fund manager dedicated to responsible long-term growth across Europe, Africa and the Middle East, together with its partner Edmond de Rothschild Private Equity, are pleased to announce the final closing of Amethis Fund III S.C.A., SICAV-RAIF , (“AFIII” or “the Fund”) in line with its target at EUR 406M.

Bond credit spreads have fallen over the past three years, prompting us to reassess the attractiveness of this asset class. 

Dominik Kremer joins Edmond de Rothschild Asset Management with the objective to further develop and drive business activities across liquid and illiquid capabilities in institutional and wholesale channels.

Making gold more responsible and traceable

•    The year began with Donald Trump’s shift to an interventionist and international policy.
•    Within the zone, activity data has remained positive and credit has continued to recover.
•    In this environment, we have maintained our approach with a modest positive allocation to fixed income, a neutral position on equities and a negative view on the dollar. Our constructive view on credit and emerging fixed income markets is unchanged.

The expenses race is stepping up, and not just among hyperscalers.

Please find below our 2026 investment strategy and the latest edition of our Outlook & Convictions, a publication by the Private Banking Investment team and our Group's experts. 

Anne-Laurence Roucher rejoint le comité exécutif d'Edmond de Rothschild Asset Management avec pour objectif de diriger et de développer les activités liées aux actifs non-cotés 
Cette création de poste vise à développer un plan stratégique ambitieux afin de favoriser la croissance de ces activités 

By Sébastien Cavernes, CIO Edmond de Rothschild Gestion (Monaco).