Market Commentary: Interest – rate outlook gives multi-asset portfolio a sustainable comeback

The risk/return ratio for multi-asset portfolios is more attractive than it has been for years, says Maximilian Hefele, Head of Asset Management at Bergos. Bonds are once again capable of cushioning fluctuations in the equity component more effectively, and their return potential has increased. This is unlikely to change in the near future, as no significant interest rate cuts are expected for the time being. Alongside equities and bonds, gold should be in the portfolio, too. Alternative credit also offers good opportunities.