41% Of Muslim Youth In Vienna Believe Their Religious Laws Take Precedence
China Confirms Boeing Jet Deal, Agrees To Cut Select Levies & Expand Agri Trade
BRICS Summit Can’t Muster Joint Statement On Iran War Amid Deepening Division
China: Unitree Unveils Real-Life Transformer Robot. Only Costs $650,000
How Global Economic Power Shifted In The Last 10 Years
41% Of Muslim Youth In Vienna Believe Their Religious Laws Take Precedence
China Confirms Boeing Jet Deal, Agrees To Cut Select Levies & Expand Agri Trade
BRICS Summit Can’t Muster Joint Statement On Iran War Amid Deepening Division
China: Unitree Unveils Real-Life Transformer Robot. Only Costs $650,000
How Global Economic Power Shifted In The Last 10 Years
4 years ago
By Christian Gattiker, Head of Research at Swiss Wealth Manager, Julius Baer. Greed and fear rule markets, they say. While both are met with unease, greed gets much more attention than fear. Yet fear is frugal, fair, and forceful. Since fear is your first line of defence as an investor, you should be able to deal with fear and take the heat – while getting paid for doing so. There are three strategies for tackling fear: rationalise it, ignore it, or embrace it. In a state of fear, the body activates many stress hormones. Even in smaller doses – when fear somehow nags you – it feels all the more uncomfortable and wears you out over time. Christian Gattiker, CFA, CAIA, Head of Research 1. Rationalise fear by looking at the risks versus the rewards As John Wayne once said, “Courage is being scared to death… and saddling up anyway.” It may make it easier to be courageous when you get a better grip on the danger by putting it into perspective. In doing so, we use rationality to contain the raging angst. In financial markets, rationalisation is a lot about measuring what the crowd is doing and determining what […]
4 years ago
Gulf Insider’s Charlie Cooksey interviews Alfred Zucaro, Founder & President of the World Trade Center Palm Beach. Alfred Zucaro shares the World Trade Center Palm Beach’s plans for the cross-border business development with Bahrain, international trade, opportunities and benefits, and how tourism, education, and business tie together. Alfred is making great efforts in opening up trade, business, investment, and educational opportunities between Bahrain and Palm Beach County in Florida, which is ultimately a great opening into the USA and the Western Hemisphere. What do you do at the World Trade Center Palm Beach, Florida? I am the founder and president of the World Trade Center, Palm Beach. This means that I am one of the license holders for the World Trade Center Association, which is the world’s largest private trading association. There are over 325 license holders from around the world in about 90 countries. There are no two World Trade Centres that operate exactly alike. It is a license, not a franchise. But the bottom line is that it’s always gauged around the idea of developing international relationships, business and finance opportunities, and extending into educational opportunities; that’s how I got involved with Bahrain. I’m a lawyer by training […]
4 years ago
There is no excerpt because this is a protected post.
4 years ago
There is no excerpt because this is a protected post.
5 years ago
Charlie Cooksey interviews Royal Ambassador CEO, Eng. Mohamed Al Kooheji. Fontana infinity is one of the latest and most beautiful developments in the Kingdom of Bahrain. Just recently, Gulf Insider sat down with Eng. Mohamed Al Kooheji, CEO of Royal Ambassador to discuss real estate in Bahrain as well as the newly launched Tower B of Fontana Infinity. The economy is still recovering from the effects of COVID-19. Why launch the FI Tower B now? Looking into the investment landscape in Bahrain and different asset classes today – whether bonds, gold, equity, cash, or real estate – I would say that considering real estate is one of the best investments as real estate in Bahrain is undervalued and there’s huge potential for growth. Looking into bonds, we used to see high numbers in 2017-2018, with bonds with a return of up to 6%. But today, the opportunities are no longer as they used to be, with returns of 2-3.5%. When it comes to gold, we can see that gold has skyrocketed up to $2,000. When it comes to other asset classes like cash, today, it’s the worst as we can see inflation and today many investors are considering real […]
5 years ago
Charlie Cooksey talks to Christian Gattiker, Head of Research at Swiss Wealth Manager, Julius Baer on investing in the last quarter of 2021. Are we facing inflation or deflation, and how does it affect investment decisions? We are facing a bit of both. In the long-run, we’re certainly facing deflation, with falling prices in the past 30-40 years and all the more during the pandemic. What changed during this kind of normalisation is that we have had a spike in inflation and the question now is – is it transitory or will it remain this way? Our take is that we’re in a rather intermediate increase of inflation, which is very much related to the fact that lots of things were shut down and now reopened, so there’s a scarcity of some things and that pushes up the prices. Then we see a normilasation. That means we’ll most probably end up where we were before the crisis. Meaning not deflation, but rather pricing should be in time. Why do you believe the extent of the global economic recovery is being underestimated? We suspect that the blueprint is a different one from what we usually have of the growth crisis. The […]
5 years ago
Yves Bonzon, Group Chief Investment Officer at Swiss Wealth Manager, Julius Baer talks to Gulf Insider on how the pandemic impacted secular trends and opportunities going forward. Did you see a major shift in trends from 2019 to 2020 due to the pandemic? The pandemic did not as much shift secular trends as accelerated them, and substantially at that. When we first formulated the key themes for this decade, we hypothesized the end of the neoliberal era was close and envisioned a new unorthodox policy template which places a greater importance on fiscal stimulus and debt monetization, as suggested by proponents of Modern Monetary Theory (MMT). The immediate policy response to the Covid-19 crisis was taken right out of that MMT policy toolbox – with governments rushing to implement massive stimulus programs, backed by central banks annihilating rates to their lowest levels, while pumping liquidity to support asset prices. Recently, the Federal Reserve Chairman, Jerome Powell, confirmed that the central bank will not even think about raising rates until they see the white in inflation’s eye. This is an extreme departure from the old policy paradigm. How has Covid-19 changed how you look at strategic asset allocation? The Strategic Asset […]
5 years ago
By Ahmad Chahidi, Executive Director – Wealth Planning, Julius Baer (Middle East) Limited You think that squeezing all of your family’s assets into the same structure will reduce complexity? In our experience, this doesn’t hold true. We have identified seven common mistakes to avoid when setting up a trust. What is a trust? A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways and can specify exactly how and when the assets pass to the beneficiaries. Julius Baer’s three trust companies have existed for decades. Two of them have been serving clients for over 30 years. The youngest trust company in Singapore will turn ten this year. Throughout this time, we have talked to clients from all over the world about setting up structures for their families. But how to best set up a trust? And what are the things to be aware of? Learn from seven common mistakes made by families around the globe: 1. Mixing up trusts with bank accounts A well-planned trust sets significant funds aside for the longer term to ensure that there is capital for […]
5 years ago
Christian Gattiker, Head of Research and Mathieu Racheter, Strategy Research Analyst Emerging Markets, at Julius Baer take us through eight events that would qualify as “low probability-high impact” in 2021. Thinking the unthinkable Expecting the unexpected does not only defy linguistical logic but also, is a very hard thing to do. After issuing our yearly outlook expectations, we are regularly asked about what could go wrong and what would be the most devastating things that could happen. That usually leads straight into black swan discussions. This is when we throw in that even Nassim Nicholas Taleb, who hammered the term ‘black swan’ into the consciousness of the financial community, has declared that neither the Great Financial Crisis nor the Covid-19 pandemic qualify as black swan events as these types of risks have been known for generations. We therefore settle on the term ‘low-probability, high-impact events’ hereafter to discuss the uncertainties in the months ahead. 1: An utterly dull 2021 disappoints high-flying hopes After coming out of a crisis, investors expect things to continue as least as spectacularly – for good or bad – as during the crisis. History tells a different story. After the heavy interventions of policymakers, markets tend […]
5 years ago
Bahrain’s trade balance improved by 8%, with the value of exports of national origin increasing by 4% and the value of imports decreasing by 4%, the 2020 foreign trade report issued by the Information & eGovernment Authority (iGA) shows. The report encompasses data on the balance of trade, imports, exports (national origin), and re-exports. China ranked first when it came to imports to Bahrain, with a total of BD664 million, followed by Saudi Arabia with BD352 million, and Australia with BD330 million. The report said the value of exports of national origin increased by 4% to BD2.387 billion in 2020, compared to BD2.298 billion in the previous year. The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 74% of the total value, with the remaining countries accounting for 26%.