Perspectives: first half-year 2026

Twice a year, our fund managers analyse trends in the global economy and financial markets. Read the Perspectives issue for the first half-year of 2026.

• The current environment, marked by high public debt and ongoing currency debasement, continues to favour real assets.
• The outperformance of the US market relative to other markets is ending.
• Gold mining companies' profit margins are increasing tremendously.

Perspectives n° 184