Insights & News - EFGAM New Capital

Macro

The Swiss innovation advantage that most investors miss

For decades, global capital overwhelmingly favoured US assets. However, President Trump’s "America First" policies have triggered a rethink of global capital allocation – accelerating the transition to a less stable, multipolar world that is less reliant on the US dollar. In this edition of Infocus, Senior Economist and Strategist GianLuigi Mandruzzato and Head of Swiss Equities Damian Burkhardt turn the spotlight on Switzerland as the world’s leading innovation powerhouse.

16 April 2026
Read time: 5 mins

Podcast

Moz down under part 2: Opportunities in New Zealand

Continuing his trip down under, Moz Afzal crossed over to Auckland to sit down with Andrew Kelleher, Director at Shaw and Partners New Zealand. Together they discuss the structure and outlook for the New Zealand economy, the behaviour of the Kiwi dollar, and the country’s long-term prospects. Andrew also explores the evolution of New Zealand’s investment services industry, as well as his unconventional path from archaeology into financial markets.

15 April 2026

Podcast

Moz down under part 1: Australia deep dive

On his recent trip to Australia, Moz Afzal sat down with Martin Crabb, CIO of Shaw and Partners, for a deep dive into the Australian economy and markets. They discuss how the latest Middle East tensions and higher energy prices are feeding into Australian inflation and interest rates, what that means for the Reserve Bank’s hiking path, and the implications for the Aussie dollar and bond markets. They also explore the outlook for the ASX and why Australia’s long-term story of population growth, infrastructure demand and a powerful superannuation system still offers compelling opportunities for investors over the next decade.

10 April 2026

Macro

Asymmetric effects of the crisis

Welcome to the April edition of InView: Monthly Global House View. In this publication we consider significant developments in the world’s markets, and discuss our key convictions and themes for the coming months.

08 April 2026
Read time: 10 mins

Macro

March PMIs: scent of stagflation

March business surveys show a deterioration in growth and sharp price increases. They also highlight how the US has so far been less affected than other economic areas. In this Macro Flash Note, senior economist GianLuigi Mandruzzato notes how the data points to an increased risk of stagflation.

01 April 2026
Read time: 4 mins

Podcast

Inflation fears, rate expectations and chair changes: Takeaways from the Fed meeting

Conflict in the Middle East, volatile energy prices and the state of its independence made for an interesting backdrop for the Federal Reserve meeting, even if it did not deliver any policy changes. Deputy CIO Daniel Murray is joined by EFG’s Chief Economist, Stefan Gerlach, in this short update episode to unpack the Fed’s latest meeting and inflation expectations. In addition, Stefan outlines the common challenges facing major central banks globally as they try to avoid a repeat of the 2021–22 inflation surge while navigating extreme uncertainty.

20 März 2026

Mid-Year Outlook 2026