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4 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 […]
4 years ago
Short-term traders rather than safe-haven seekers have pushed gold prides to record-highs in summer. It looks like prices have moved past their peak for now. The recent sell-off in the gold market brought back memories of the early days of the coronavirus crisis in March. Rapidly rising infection rates and fears of broad-based lockdowns triggered a risk-off move in financial markets, putting pressure on equities and spilling over into the gold market as the US dollar strengthened. While counterintuitive at first sight, such moves are not unusual for gold in times when the risk perception in financial markets changes and investors dump risky assets for US dollars. For many investors, the US dollar itself still is a safe haven. While a stronger US dollar and slightly higher – or rather slightly less negative – US real bond yields look like the triggers of the recent sell-off, neither the one nor the other is sufficient to explain it. Instead, the explanation is rather that trend followers and technical traders have again exited the market after piling into gold during the record run in July and early August. While gold is a safe haven which has proven its track record multiple times […]
4 years ago
In the below interview, Christian Gattiker, Head of Research at Swiss Wealth Manager, Bank Julius Baer talks about how the Covid-19 pandemic has impacted the way clients view investments and what are the key trends shaping the world of tomorrow. How would you describe the current investment scenario in a world that is still tackling the challenges presented by the pandemic? The current investment regime is a globally synchronised and mostly V-shaped recovery, helped by heavy monetary and fiscal stimuli. The world economy entered a synchronised shock-like recession in H1 2020 and is now recovering at different speeds. The main divergence in the speed of the recovery is the amount of fiscal and monetary stimulus available. The US, China and Japan have experienced a 10% downswing in economic output, while Continental Europe has experienced 15% and the UK 20%. Emerging markets have been hit hard but at varying degrees by the pandemic, with Latin America still in the doldrums. We expect most of the mature economies to compensate for about half of the shortfall during Q3, with a much slower pace thereafter. China is the exception, since the world’s second largest economy is back at pre-crisis levels as we speak […]
14 hours ago
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