A New Environment?
Watch the videoGuy Wagner, Chief Investment Officer BLI - Banque de Luxembourg Investments
An ageing population, expansive fiscal policies, excessive public debt and a changing geopolitical landscape...
Here we take a look at the structural features of the new environment we are facing and the implications for the financial markets.
Trends, Consequences, Risks and Convictions
New environment?
- Why talk about a "new environment"?
- Global economy: what are the facts?
- Financial markets: what impact?
- Investments: which approach is best?
Watch the video
Investing or speculating?
Should we take long-term investments in quality companies or buy stocks with the aim of selling them quickly at a higher price?
Find out more in our blog articleFinancial Markets Analysis
Contents (with 40 graphs and comments)
- STATEMENT OF FACTS
- - Demographics and an ageing population
- - Deterioration in public finances
- - New geopolitical landscape
- ECONOMY
- - Towards a more inflationary environment
- - Pressure on company profit margins
- FINANCIAL MARKETS
- - Quality actions
- - American exceptionalism?
- - Quality actions
- - Gold
In this edition
- "Technological development will play a key role in the future of the global economy."
- "American exceptionalism? The market capitalisation of the 15 largest US companies is equivalent to that of the European, Japanese and emerging markets combined."
- "The emerging geopolitical landscape continues to favour investing in gold."
Access our recent publications
US economy starts the new year slightly weaker
(Publication date: 05 March 2025)
The long-term prospects for gold are very good
(Publication date: 04 March 2025 - Börsen-Zeitung)
Originally from a family of entrepreneurs in Luxembourg and with a degree in Economics from the Université Libre of Brussels, Guy Wagner joined Banque de Luxembourg in 1986, where he was successively responsible for the Financial Analysis and Asset Management departments, then became Managing Director of BLI - Banque de Luxembourg Investments, an asset management company newly created in 2005. From July 2022 on, he devotes himself exclusively to his role as Chief Investment Officer, to the management of the portfolios and to the management of the team in charge management of the various funds.
LinkedIn
Publication date March 2025.
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