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CIO´s latest

Read now our Chief Investment Officer’s assessment of the current changes in the economy and in the markets.

Jun 09, 2017 CIO Flash

A very British affair

From a market perspective, the UK elections look almost like a non-event.
Apr 24, 2017 CIO Flash

Tail risk off, Europe on

Macron on track to win. Governing will be harder. We upgrade European equities.

Apr 18, 2017 Letter to Investors

Any Trump in markets?

Probably less than expected. This reduces the potential for disappointment.

9 Positions

Focus

The end of quantitative easing in the Eurozone may be getting nearer. but the European Central Bank still has other monetary-policy instruments at its disposal to limit any interest-rate rise.

Macro

Lower taxes and deregulation could provide a modest boost to the U.S. economy. Political uncertainty ahead of key elections may harm growth in the Eurozone.

Commodities

In early 2016, fossil fuels and industrial metals started their road to recovery and we remain modestly positive on oil, gold and silver. The outlook is mixed for industrial metals.

Fixed Income

Over the next twelve months, we expect only a mild net increase in interest rates, but plenty of volatility along the way. The interest-rate differential between the United States and the Eurozone may reach its peak in 2017.

Currencies

We expect the upward trend in the U.S. dollar to continue for now, as investors remain enthralled with the new U.S. administration. We expect the British pound to remain weak, however.

Equities

We see a volatile sideways market. Our focus remains on dividend-yielding stocks, as well as attractive sectors such as technology, healthcare and utilities, plus on any tactical opportunities along the way.

Infrastructure

Investing in a liquid portfolio of large, high-quality, investment-grade infrastructure bonds can potentially lead to attractive risk-adjusted returns.

Hedge-Fund Strategies

We live in uncertain times. How we aim to protect our portfolios from the hidden risks that can build up when seeking alpha.

Multi Asset

Given the low-interest-rate environment in many developed markets and political uncertainties, it remains critical to diversify across both asset classes and regions.

Most Popular

Aug 16, 2016 Letter to Investors

Investing in times of one-way rates

Thanks to monetary policy, neither investors nor debtors can afford rising interest rates.
Sep 19, 2016 CIO Special

Our U.S. election watch

More volatility ahead?
Jun 08, 2016 Letter to Investors

Actively passive

If investors want to achieve adequate returns.

Featured Videos
Video

CIO View Quarterly

Stefan Kreuzkamp and his view on the state of the global economy in a year dominated by politics.

Video

Global outlook 2017 by Stefan Kreuzkamp

What may 2017 bring?

Video

Monetary policy effects

The Fed is likely to raise interest rates in 2017, the ECB should keep monetary policy unchanged.

Video

Politics and markets

Deutsche Asset Management on the implications of the U.S. election for the economy and the markets in 2017.

Video

The bond markets in 2017. Rising yields ahead?

Bill Chepolis, Head of Fixed Income EMEA at Deutsche Asset Management, shares his outlook for 2017.

Video

CIO View Quarterly

Stefan Kreuzkamp and his view on the state of the global economy in a year dominated by politics.

Video

Global outlook 2017 by Stefan Kreuzkamp

What may 2017 bring?

Video

Monetary policy effects

The Fed is likely to raise interest rates in 2017, the ECB should keep monetary policy unchanged.

Video

Politics and markets

Deutsche Asset Management on the implications of the U.S. election for the economy and the markets in 2017.

Video

The bond markets in 2017. Rising yields ahead?

Bill Chepolis, Head of Fixed Income EMEA at Deutsche Asset Management, shares his outlook for 2017.

Our CIO

Stefan Kreuzkamp

Chief Investment Officer

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