insights.

At its March policy meeting, the Swiss central bank expressed caution about global uncertainties as it took key interest rates below neutral.

The market shift to Europe from the US and to value from growth, amid an uncertain economic backdrop, underlines the value of active investing. 

This issue of Fallen angels radar tracks an unusually busy winter period for the segment and considers what’s top of mind for investors.

How might Swiss bonds fare in 2025? We note their gains of recent years and break down the key factors influencing performance.

In today’s ‘search for carry’, how can fixed-income investors access high-yield credit markets while enhancing both liquidity and potential returns? 

With a nominal economic recovery as our base case, and taking new US policies into account, we unpack fixed-income opportunities globally and with a focus on Asia and Switzerland.

Passive strategies in fallen angels put investors at risk of further ratings deterioration and potential costs. What is LOIM’s active advantage?

Strong macro drivers and relative insulation from tariff policy mean Asian and emerging-market bonds have good potential to outperform.